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.
Answer: C
Economics
You might also like to view...
“Economists are scientists and therefore should not become involved in making value judgments which policy formulation necessarily entails.” Do you agree?
Please provide the best answer for the statement.
Economics
If the Consumer Price Index rises from 300 to 333 in a particular year, the rate of inflation in that year is:
A. 11 percent. B. 33 percent. C. 91 percent. D. 10 percent.
Economics