Financial intermediation is necessary because of
A) asymmetric information.
B) adverse selection problems.
C) the risk of moral hazard.
D) all of the above.
D
Economics
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A German who exchanges euros for dollars in a U.S. airport is
a. contributing to U.S. exports b. lending dollars to Germans c. participating in the foreign exchange market d. engaging in speculative activities e. engaging in illegal activities
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Open market operations directly change the rate of interest at which banks can borrow funds from the Fed
a. True b. False Indicate whether the statement is true or false
Economics