You use your bank debit card to purchase a bottle of soda from the convenience store. What function is the bank performing here?
A) Maturity transformation
B) Spreading risk
C) Providing payment services
D) Solving information problems
Correct Answer:
Verified
Q5: Banks spread the risk of lending money
Q6: You go to the bank and deposit
Q7: You go to the bank and deposit
Q8: You go to the bank and deposit
Q9: Banks solve information problems by:
A)finding out the
Q11: Maturity transformation occurs when banks:
A)provide payment services.
B)assess
Q12: A bank run can happen when:
A)a bank
Q13: A bank run occurs when:
A)bank customers expect
Q14: You hear a rumor that your bank
Q15: A bank run can be prevented by:
A)increased
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