The function that banks perform by obtaining funds from households, businesses, and governments and lending these funds to other households, businesses, and governments is known as
A) fiscal intermediation. B) financial intermediation.
C) lending intermediation. D) liquidity intermediation.
B
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Checks that people write are
A) the largest component of the money supply. B) not money. C) only part of M2 but not part of M1. D) part of M1 but not part of M2.
If the dollar depreciates against the Indian rupee
A) The value of Indian imports to the United States does not change. B) Indian imports to the U.S. become less expensive. C) U.S. exports to India become more expensive. D) U.S. exports to India become less expensive.
A firm could persuade the sales agent to accept profit based compensation if the new commission is
a. Positive sales biased b. Negative sales biased c. Sales neutral d. None of the above
Privatization of government agencies:
A. has rarely occurred since the 1890s. B. has become less popular since the 1980s. C. has become more popular since the 1980s. D. happens more frequently during recessions.