Financial intermediaries:
A) increase the cost of financial transactions but offset these higher costs by providing safekeeping of customer funds.
B) provide handling of payments but usually less efficiently than other firms.
C) reduce the cost of financial transactions.
D) provide safety of resources, but only for the large borrowing customers who can afford it.
Correct Answer:
Verified
Q1: Emerging market economies, compared to industrialized economies,
Q2: The fact that financial intermediaries employ experts
Q3: Financial intermediaries, through their ability to lower
Q4: Since one function of financial intermediaries is
Q5: If financial intermediaries did not have the
Q7: The fact that a financial intermediary can
Q8: Examples of economies of scale are:
A) the
Q9: Financial intermediaries pool the resources of many
Q10: Which of the following is not a
Q11: When the amount of direct and indirect
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