Financial intermediaries are institutions that
A. oversee the activities of government institutions such as the Federal Reserve.
B. regulate the activities of stock and bond markets.
C. act as middlemen in the process of directing funds from savers to investors.
D. produce money for the federal government.
Answer: C
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Which term measures production well and indicates when a country is materially better or worse off in terms of jobs and incomes?
a. GDP b. Standard of living c. GDP per capita d. Nominal GDP
Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. A shift from ppf1 to ppf2 may be caused by
A. an improvement in technology. B. an increase in inflation. C. an increased desire for consumer goods. D. a change in consumer tastes.