One of the risks of maturity transformation is that:
A) it can increase the rate of inflation. B) it reduces the profitability of banks.
C) it can lead to bank runs. D) it discourages savings.
C
Economics
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Thinking about information as a good, what determines the information people are willing to pay for?
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Andy observes that the income distribution between the richest and poorest people in the population has remained fixed for decades. He concludes that the rich stay rich and the poor stay poor. Is this a valid conclusion, or has Andy missed something?
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