Financial intermediaries reduce individual risk because they pool the funds of savers
Indicate whether the statement is true or false
TRUE
Economics
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Money is
a. only assets such as gold and silver b. only fiat in nature c. anything that is generally accepted as a means of payment d. acceptable as a means of payment because the government guarantees that it must be e. only those things backed by gold
Economics
Refer to the graph shown.
The poorest 25 percent of the families earn:
A. 36 percent of the income. B. 19 percent of the income. C. 6 percent of the income. D. 64 percent of the income.
Economics