The economy is more efficient because _____
A) savers develop expertise in evaluating creditworthiness.
B) banks develop expertise in structuring loans.
C) borrowers develop expertise in enforcing loan contracts.
D) banks reduce the transaction costs of channeling savings to creditworthy savers.
E) banks increase the transaction costs of channeling savings to creditworthy borrowers.
Correct Answer:
Verified
Q7: Which of the following is an advantage
Q14: Banks minimize the risk of loss to
Q19: Banks have more expertise than individual households
Q26: Banks act as financial intermediaries by _
A)
Q27: The economy is more efficient because _
A)
Q28: Compared to bitcoin, the supply of M1
Q31: Which of the following is correct?
A) Savers
Q33: The economy is more efficient because:
A) savers
Q34: Which of the following is a disadvantage
Q35: Bitcoin serves as _
A) a medium of
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