What crucial role do financial intermediaries perform in an economy?
What will be an ideal response?
Financial intermediaries borrow funds from people who have saved and make loans to other individuals and businesses and thus improve the efficiency of the economy.
Economics
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If a firm hires a worker by paying him a wage lower than his value of marginal product, ________
A) firing the worker will increase the firm's profits B) the firm is making an optimum decision C) the firm should hire more workers to increase profits D) profits of the firm are minimized
Economics
The market for apples is an example of ________
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly
Economics