Depository institutions are good at minimizing
A) the costs of monitoring borrowers.
B) risky borrowers.
C) liquidity.
D) all of the above.
A
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Which of the following do economists consider to be capital?
A. a pair of stockings B. a share of IBM stock C. a construction crane D. a savings account
Stock market wealth decreases. What is the impact on aggregate expenditures and income?
A) Both increase. B) Both decrease. C) Aggregate expenditure increases and income decreases. D) Aggregate expenditure decreases and income increases.
When is the best time to pay down a nation’s debt?
a. during a recession when unemployment is high b. during an economic expansion when the economy is at full employment c. it is never a good time to pay down the national debt d. any time is a good time to pay down the national debt
In which form of business is a single individual responsible for the repayment of any debts?
A. Proprietorship. B. Partnership. C. Family-run business. D. Corporation.