Long term debt, that is privately placed debt, is directly placed:
A) with an investment banker.
B) with another manufacturing corporation.
C) with a lending institution.
D) with the federal government.

Question

Quizplus · Accepted Answer

Long-term debt that is privately placed is typically placed directly with a lending institution, such as a bank, rather than through public markets or other entities.

Long Term Debt, That Is Privately Placed Debt, Is Directly