Financial intermediaries in the financial system acquire funds from ________ and lend funds to ________.
a) savers; other savers
b) savers; borrowers
c) borrowers; savers
d) borrowers; other borrowers
Ans: b) savers; borrowers
Economics
You might also like to view...
When Frank's income rises from $29,000 to $34,000 per year, he increases his purchases of tomatoes from 20 pounds to 28 pounds per year
What is Frank's income elasticity of demand for tomatoes? (Use the midpoint formula.) According to Frank, are tomatoes an inferior or normal good?
Economics
Accelerated depreciation laws may increase firms' investment in equipment because:
a. machines will wear out more rapidly. b. profits will be increased. c. the rental rate on capital will be reduced. d. the price of machines will fall.
Economics