A greater proportion of major corporations have deserted the banking system in recent years to raise borrowed funds directly from the open market.

Question

Quizplus · Accepted Answer

This statement is true. In recent years, more and more corporations have been turning to the open market to raise funds through instruments such as bonds and commercial paper, rather than relying solely on traditional bank loans. This trend is known as "disintermediation".

A Greater Proportion of Major Corporations Have Deserted the Banking