In economies with effective accounting standards and low-cost,reliable information,________.
A) banks become less dominant among intermediaries
B) the tyranny of collateral is particularly intense
C) funds are available only for activities involving little or no risk
D) restrictive covenants are difficult to enforce
Correct Answer:
Verified
Q54: Government-backed deposit insurance increases the _.
A)Willamette torsion
Q55: Do you think that information technologies will
Q56: Commercial banks limit the adverse selection problem
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Q58: If you invest in an "emerging market
Q60: How do commercial banks solve asymmetric information
Q61: Evidence suggests that financial deepening is of
Q62: Information asymmetries may make it difficult for
Q63: The collapse of Enron Corporation is a
Q64: An inherent weakness of _ is the
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