_____ and _____ are the two most important financial intermediaries
Fill in the blank(s) with correct word
Banks, Mutual Funds
Mutual Funds, banks
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Refer to the scenario above. In this game, the ________ strategy combination gives strictly lower payoffs than the ________ strategy combination
A) (confess, confess); (do not confess, do not confess) B) (confess, do not confess); (do not confess, confess) C) (do not confess, do not confess); (confess, confess) D) (do not confess, confess); (confess, do not confess)
When marginal cost exceeds marginal revenue,
A. marginal profit < 0. B. the firm should increase output. C. marginal profit + marginal cost > marginal revenue. D. marginal cost < marginal revenue - marginal profit.
In general, non-equilibrium prices occur because:
a. information is imperfect and adjustment is costly. b. supply curves shift along stationary demand curves. c. demand curves shift along stationary supply curves. d. monopolists charge prices above marginal cost.
Which of the following observations is true?
a. TFC remains the same irrespective of units of output produced. b. TVC remains the same irrespective of units of output produced. c. TVC falls as the unit of output increases. d. AFC increases as output increases further and further.