Which of the following explain(s) the importance of financial markets? I. They help channel funds from savers to investors with productive uses for the funds. II. They help people and firms share risks.
III) They allow the rich to get richer.
A) I only
B) II only
C) I and II
D) I, II, and III
Correct Answer:
Verified
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A)holds
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Q34: Employees of Enron got in trouble because:
A)they
Q35: Banks reduce by screening .
A)moral hazard; potential
Q36: Which of the following best defines a
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Q39: Moral hazard and adverse selection are examples
Q40: By requiring borrowers to sign a covenant
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Q42: The restriction that requires that banks operate
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