The main role of financial intermediaries is to
A) provide funds to the federal government to cover the budget deficit.
B) borrow funds from savers and lend them to borrowers.
C) provide advice to consumers on how they should handle their finances.
D) help ensure that there is enough money in circulation.
B
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Refer to the accompanying figure, which shows the market for cups of coffee. If all buyers' reservation prices increase by $1.00, then the equilibrium price of coffee would:
A. increase by more than $1.00. B. increase by $1.00. C. would not change. D. increase by less than $1.00.
Setting a price so low that competitors are driven out of a market and then boosting the price is called
a. price discrimination b. resale price maintenance. c. a tying arrangement d. price fixing. e. predatory pricing
The law of demand implies that the demand curve is Question 25 options:
A. downward sloping. B. upward sloping. C. downward sloping at high prices and upward sloping at low prices. D. upward sloping at high prices and downward sloping at low prices.
Which of the following will cause an inward shift of the investment function?
A. an increase in business taxes B. business people becoming optimistic about the future C. a decrease in the interest rate D. innovation that improves production efficiency at every level of output