Which of the following statements concerning external sources of financing for nonfinancial businesses in the United States are true? (a) Bonds are a far more important source of finance than are stocks. (b) Stocks and bonds, combined, supply more than one-half of the external funds. (c) Financial intermediaries such as banks are a relatively unimportant source of external funds. (d) Only (a) and (b) of the above.

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