Financial intermediation is best defined as the process by which
A) corporations issue new stock.
B) liabilities are liquidated.
C) financial institutions accept savings from savers and make loans to investors.
D) inflation is controlled.
C
Economics
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One disadvantage of gold as the basis for a currency is
A) gold is difficult to transport in large quantities. B) a new discovery of gold could quickly change the value of the currency. C) a gold standard can be costly to maintain if the currency comes under speculation. D) all of the above.
Economics
“Lower prices are always good for business.” Evaluate this statement.
What will be an ideal response?
Economics