In developing countries, it is not true that
a. banks are often viewed with suspicion
b. at the first sign of economic problems, many bank depositors withdraw their funds
c. because banks cannot rely on a continuous supply of deposits, banks cannot make loans for extended periods
d. if financial institutions fail to serve as intermediaries between savers and borrowers, the lack of funds for investment will make growth rates double
e. the credit provided by banks as a percent of total output is one fifth that in high-income countries
D
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George believes that the inflation in this year will be around 9% because it was around 9% in the previous year. George can be said to have:
A) rational expectations. B) marginal expectations. C) adaptive expectations. D) composite expectations.
The government of China has explicitly stated that the goal of its strict population control measures is to raise income per capita. What are the mechanisms at work in such a claimed relationship? Are there any counterarguments?
What will be an ideal response?
The marginal utility of a second copy of today's New York Times is
a. infinite b. practically zero c. positive and greater than the marginal utility of the first copy d. equal to the marginal utility of the first copy e. 50 cents
The rate at which a consumer is willing to exchange one good for another while maintaining a constant level of satisfaction is called the
a. relative expenditure ratio. b. value of marginal product. c. marginal rate of substitution. d. relative price ratio.