Commercial banks act as middlemen between savers and borrowers, therefore they are called _____

a. lenders of the last resort
b. financial intermediaries
c. banker's banks
d. thrift institutions
e. profitable institutions

b

Economics

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Pre-merger notification requirements make merger policy more like a regulatory process

Indicate whether the statement is true or false

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An example of a good that is nonexcludable is:

A. an art exhibition with an admission fee. B. a piece of Velcro. C. space exploration. D. a bottle of Tang.

Economics