Financial disintermediation occurs when:
a. Individuals withdraw funds from financial intermediaries and invest them elsewhere.
b. Businesses no longer issue stock.
c. Individuals no longer trade securities in the secondary market.
d. None of the above.
e. Businesses no longer borrow directly in the bond market.
.A
Economics
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Which of the following is a way banks reduce risk?
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When the European System of Central Banks uses main refinancing operations, it is similar to the Federal Reserve using
A) dynamic open market operations. B) defensive open market operations. C) discount policy. D) reserve requirements.
Economics