Banks act as:
A. an organizer among firms in a specific market.
B. intermediaries between borrowers and savers.
C. informants to various buyers about prices and contracts.
D. a negotiator for buyers.
B. intermediaries between borrowers and savers.
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In the case of a linear demand curve, average revenue is equal to price, while (with the exception of Q = 1 ) marginal revenue is less than price
Indicate whether the statement is true or false
A product can be differentiated through
A) physical changes to the product. B) marketing. C) creating barriers to entry. D) Both A and B.
In the United States, an example of a common in-kind transfer would be:
A. public housing. B. earned income tax credit. C. Aid to Families with Dependent Children. D. All of these are in-kind transfers.
For diversification to be a successful management strategy, it must
A) generate accounting profits. B) earn normal profits. C) protect market share. D) add value.