Savers may prefer to use financial intermediaries rather than lending directly to borrowers because financial intermediaries:
A. increase the risk of lending.
B. offer higher rates of return than available elsewhere.
C. have a monopoly on lending.
D. reduce the cost of gathering information about borrowers.
Answer: D
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What will be an ideal response?
Ebay's use of "bidding agents" will
a. effectively turn an English auction into a Vickery auction b. effectively turn a Vickery auction into an English auction c. decide how much to shade your bid for you d. make you a more aggressive bidder
Employment can rise in one region of the country while it falls in another
a. True b. False Indicate whether the statement is true or false
Contracting for Lawn Mowing Services An apartment owner advertises for lawn mowing services for a number of apartments he owns. He has some idea of the going price and so he advertises that he will pay $100 per month per apartment complex. So why is he disappointed that the winning contractor only provides minimal services?