The indirect provision of funds by savers to borrowers is accomplished by
a. banks and other financial markets.
b. banks and other financial intermediaries.
c. stock markets and other financial markets.
d. All of the above are correct.
b
Economics
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Good internal control over financial investments requires that the treasurer obtain certificates for all securities and keep them in the company safe.
a. true b. false
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Adverse selection in insurance requires that
a. potential customers face different levels risk b. potential customers facing more risk are no more interested in purchasing insurance c. people are not risk averse d. insurers can tell higher risk people from lower risk people
Economics