________ in the expected future domestic exchange rate causes the demand for domestic assets to shift to the left and the domestic currency to ________, everything else held constant

The existence of external economies of scale

A) may be associated with a perfectly competitive industry. B) cannot be associated with a perfectly competitive industry. C) tends to result in one huge monopoly. D) tends to result in large profits for each firm. E) focuses more on individual firms than the industry as a whole.

The reduction in transaction costs provided by financial intermediaries benefit:

A. small borrowers but not small savers. B. society in the net, but small savers bear much of the cost. C. small borrowers and small savers. D. large borrowers but not small savers.