The reason financial intermediaries play such an important role in economies has to do with all of the following except:
A) Information costs
B) High transaction costs
C) Complexity of a lot of financial transactions
D) The composition of GDP
Correct Answer:
Verified
Q13: Financial institutions, acting as financial intermediaries, perform
Q14: When the amount of direct and indirect
Q15: The reduction in transaction costs provided by
Q16: Financial intermediation exists, in part, because:
A)Financial markets
Q17: If financial intermediaries did not have the
Q19: Examples of economies of scale are:
A)The additional
Q20: One reason financial intermediaries earn profits is
Q21: When a bank takes savings from many
Q22: The usual situation in banking regarding asymmetric
Q23: Lines of credit provided by financial intermediaries:
A)Decrease
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