A major reason for the existence of financial intermediaries is
A) transactions costs that would be incurred without their existence.
B) the fees charged by dealers and brokers in direct finance are so high.
C) the problem of symmetric information.
D) to assist borrowers in buying securities in financial markets.
A
You might also like to view...
The statistical discrepancy is
a. also known as the "errors and omissions term." b. the amount that must be added to balance the total balance of payments to make it equal to zero. c. the adjusted amount to balance the capital account. d. the adjusted amount to balance the current account. e. Both a and b
If there was no profit effect, but there was a misperception effect in the short run, then SRAS is ____ and LRAS is ____
a. upward sloping; upward sloping b. upward sloping: vertical c. vertical; upward sloping d. vertical; vertical