Which of the following is not a benefit to lenders/investors of financial intermediation?
a. More diversification than the direct market.
b. More convenient than the direct market.
c. Higher yield than the direct market.
d. All the above are benefits to lenders.
e. Lower risks than the direct market.
.C
Economics
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In a small town the level of demand is capable of supporting only two gas stations. This market is
A) a natural duopoly. B) perfectly competitive because a homogeneous good is being sold. C) operating as if it was a monopoly. D) an example of monopolistic competition.
Economics
Given the quantity theory of money 1/V represents
A) the velocity of money. B) the number of times the average $ changes hands. C) the proportion of nominal income held as a medium of exchange. D) PY.
Economics