Financial intermediaries, such as commercial banks, help borrowers, particularly small borrowers, by:
A) providing information to evaluate financial investments.
B) offering tax-preferred borrowing opportunities.
C) eliminating the risk of borrowing.
D) providing credit that might otherwise not be available.
Correct Answer:
Verified
Q4: A legal promise to repay a debt
Q5: Firms that extend credit to borrowers using
Q6: The financial system consists of financial _,
Q7: Two reasons savers keep deposits at banks
Q8: Banks help savers find productive uses for
Q10: Decentralized market-based financial systems improve the allocation
Q11: The amount originally lent by a bondholder
Q12: Privately-owned firms that accept deposits from individuals
Q13: The interest rate promised when a bond
Q14: The principal amount of a bond is
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