Every financial market has the following characteristic.
A) It determines the level of interest rates.
B) It allows common stock to be traded.
C) It allows loans to be made.
D) It channels funds from lenders-savers to borrowers-spenders.
Correct Answer:
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Q1: With direct finance,funds are channeled through the
Q2: Which of the following can be described
Q4: With _ finance,borrowers obtain funds from lenders
Q5: The principal lender-savers are
A)governments.
B)businesses.
C)households.
D)foreigners.
Q6: Which of the following can be described
Q7: Distinguish between direct finance and indirect finance.
Q8: Financial markets improve economic welfare because
A)they channel
Q9: Which of the following can be described
Q10: Well functioning financial markets benefit _ by
Q11: Assume that you borrow $2,000 at 10%
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