The steps in the process of commercial bank lending in order are
A) borrower bank search, credit analysis, borrower-bank negotiation, bank funding.
B) borrower bank search, borrower-bank negotiation, credit analysis, bank funding.
C) credit analysis, borrower bank search, borrower-bank negotiation, bank funding.
D) borrower-bank negotiation, borrower bank search, credit analysis, bank funding.
A
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When an economist talks of scarcity, the economist is referring to the
A) ability of society to employ all of its resources. B) ability of society to consume all that it produces. C) inability of society to satisfy all human wants because of limited resources. D) ability of society to continually make technological breakthroughs and increase production.
Which of the following is NOT an advantage of a futures contract over a forward contract?
A) reduced counterparty risk B) increased flexibility C) lower information cost D) increased liquidity