Which of the following was a consequence of the poorly developed financial markets in Eastern Europe in the 1990s?
A) Savers were unable to earn appropriate returns on their savings.
B) Entrepreneurs were unable to fund their new business ventures.
C) Financial markets failed to transfer funds to the most viable borrowers.
D) All of the above
Correct Answer:
Verified
Q11: It is generally agreed that
A)the financial system
Q12: What solution did most financial experts suggest
Q13: Information costs
A)are the costs of buying and
Q14: Which of the following does NOT represent
Q15: Small savers face
A)high transactions costs in financial
Q17: The presence of transactions costs and information
Q18: Financial intermediaries emerged
A)to make loans to governments.
B)to
Q19: Economies of scale are
A)charges to savers and
Q20: Why did one prominent economist state that
Q21: When there's asymmetric information, who tends to
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