Which of the following is a reason for why we have capital markets? a.they reduce taxes,...

Which of the following is a reason for why we have capital markets?

a.they reduce taxes, transaction costs, and agency costs

b.they allow individuals to separate their consumption from their income

c. they expand individuals current consumption opportunity set

d. all of the above statements are true,

Expert Solution

Answer is option D) all of the above statements are true

Capital markets reduce taxes, transaction costs, and agency costs

They allow individuals to separate their consumption from their income

They expand individuals current consumption opportunity set

jeff jeffy answered 2 years ago

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