题目内容

The concept of______is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today.

A. future value
B. present value
C. deflation
D. interest

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Which of the following can be described as involving direct finance？______.

A pension fund manager buys a short-term corporate security in the secondary market.
B. People buy shares in a mutual fund.
C. A corporation issues new shares of stock.
D. An insurance company buys shares of common stock in the over-the-counter markets.

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