Which of the following is incorrect regarding financial intermediaries?
a. They link savers and borrowers
b. They earn profits by loaning money.
c. They offer lower interest rates on savings than they charge on loans.
d. They print money.
e. They accept deposits.
d
Economics
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The endowment point is the consumption bundle in which
A) first-period consumption is equal to zero. B) second-period consumption is equal to zero. C) the consumer finds the most utility. D) consumption is equal to disposable income in each period.
Economics
If goods are completely unrelated, their cross price elasticity will
A) be greater than one. B) be less than one. C) be equal to zero. D) be negative.
Economics