How do banks and financial intermediation support economic growth and development?
(a) By helping businesses secure the funds needed for capital accumulation and technology advancements
(b) By assisting customers in buying durable and nondurable goods and services
(c) By financing government expenditures when tax revenue falls below planned spending
(d) By granting loans to foreign-born individuals to invest in countries outside of the U.S.
(a)
You might also like to view...
The monopolist will maximize profits at the output level for which:
A. marginal revenue equals marginal cost. B. price equals marginal cost. C. price equals average total cost. D. marginal revenue equals average total cost.
Some individuals or families can become completely saturated with a service such as television. This suggests that
a. wants are limited b. desires for a single commodity can be satisfied but then the focus will switch to other goods and services c. a highly productive economy may someday be able to satisfy all human desires d. resources are not truly fixed in supply as we generally assume e. scarcity does not exist
Which of the following is a method which can be used for estimation in simultaneous equations models?
A. Feasible generalized least squares estimation B. Prais-Winsten transformation C. Cochrane-Orcutt transformation D. Two stage least squares estimation
Explain the three different types of money demand.
What will be an ideal response?