If Westjet Airlines borrows $20 million from a bank to finance the renovation of their corporate offices, this is an example of

Name: If Westjet Airlines borrows $20 million from a bank to finance the renovation of their corporate offices, this is an example of
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Indirect finance occurs when borrowers obtain funds through financial intermediaries, such as banks, rather than directly from investors. In this case, Westjet is borrowing from a bank, making it an example of indirect finance.

If Westjet Airlines Borrows $20 Million from a Bank to Finance