Which of the following is NOT a comparative advantage of financial intermediaries over surplus spending units in providing funds to deficit spending units?
A) Economies of scale.
B) Lower transactions costs.
C) Better management of credit risk.
D) Higher searching costs for credit information.
Correct Answer:
Verified
Q20: An important function of the financial system
Q21: Private placements are:
A)issues of securities to the
Q22: Which of the following is not a
Q23: Which of the following financial claims does
Q24: Which of the following statements is NOT
Q26: The ease with which a security can
Q27: An organised security exchange:
A)is a primary market.
B)relies
Q28: Which of the following is NOT a
Q29: The most common reason that corporate companies
Q30: Secondary financial markets are similar to:
A)new-car markets.
B)used-car
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