A Pareto improvement is any action that makes at least one individual better off, and harms no one

Financial institutions are known as financial intermediaries because they serve as go-betweens, which link _____ and _____

a. the government; the taxpayers through IRAs b. savers; borrowers c. employers; employees d. firms; the government e. firms; consumers

If the public switches from using cash for most transactions to using checks instead, then all else equal, the money supply will:

A. not change. B. decrease. C. either increase or decrease. D. increase.