The bond market allows both corporations and governments to borrow directly from the public instead of through banks.

Name: The bond market allows both corporations and governments to borrow directly from the public instead of through banks.
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This statement is true. The bond market provides a means for corporations and governments to borrow funds directly from investors who buy the bonds. This allows them to bypass traditional lenders such as banks and financial institutions.

The Bond Market Allows Both Corporations and Governments to Borrow