Investment banks operate in the

The process by which financial institutions accept savings from businesses, households and governments and lend the savings to other businesses, households and governments is

A) asymmetric information. B) adverse selection. C) moral hazard. D) financial intermediation.

The "New Economy", a period marked by major technological change, low inflation, low unemployment, and rapidly growing productivity characterized

A. the 1920s. B. the 1960s. C. the 1990s. D. All of the decades listed.