Hardcover has some wear to the covers. No DJ.Pages tight and clean. Retired library copy with the usual marks and attachments. Pocket removed. 194 pages. Hardcover binding. Year: 1960 ISBN: B0006AWQ10 The use of credit is essential to the functioning of the capital market, as to other sectors of the economy. Underwriters and distributors of securities, like other merchants that carry inventories, must borrow freely to finance their operations. Investors and traders find it desirable from time to time to use borrowed funds to supplement their own resources in purchasing and holding securities. Brokers and dealers borrow to finance their own and their customers' transactions.