Financial markets improve economic welfare because
A) they channel funds from investors to savers.
B) they allow consumers to time their purchase better.
C) they weed out inefficient firms.
D) they eliminate the need for indirect finance.
Correct Answer:
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Q3: Every financial market has the following characteristic.
A)It
Q4: With _ finance,borrowers obtain funds from lenders
Q5: The principal lender-savers are
A)governments.
B)businesses.
C)households.
D)foreigners.
Q6: Which of the following can be described
Q7: Distinguish between direct finance and indirect finance.
Q9: Which of the following can be described
Q10: Well functioning financial markets benefit _ by
Q11: Assume that you borrow $2,000 at 10%
Q12: Which of the following statements about the
Q13: You can borrow $5,000 to finance a
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