Which of the following is not one of the ways that banks reduce transaction costs for creditworthy borrowers?
a. coping with asymmetric information
b. increasing risk through diversification
c. enforcing loan contracts
d. These are all ways banks reduce transaction costs
b
Economics
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The average starting salary for a history major is $29,500. If the CPI was 147.5, the real salary is
A) $200.00 an hour. B) $20,000. C) $35,000. D) $43,513. E) $14,750.
Economics
The branch of economics which studies how households and firms interact in markets is called
A) macroeconomics. B) positive economics. C) normative economics. D) microeconomics.
Economics