Financial intermediaries, such as commercial banks, help borrowers, particularly small borrowers, by:
A. offering tax-preferred borrowing opportunities.
B. eliminating the risk of borrowing.
C. providing information to evaluate financial investments.
D. providing credit that might otherwise not be available.
Answer: D
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In the table above, the value of marginal product of the third unit of labor is
A) $3. B) $4. C) $12. D) $16.
Which of the following is true?
a. Incentive compensation imposes no risks on the agents and thus should not affect their compensation b. Incentive compensation imposes risk on the agent but need not be compensated for c. Incentive compensation imposes risk on the agent for which they should be compensated d. Incentive compensation is a bad idea
According to the classical theorists, it is impossible to have a
A) surplus of a particular product. B) shortage of a particular product. C) decrease in the demand for a product. D) decrease in the supply of a product. E) general overproduction of products.
The trade deficit has had the effect of:
A. Decreasing the Federal budget deficit B. Increasing economic growth in less developed nations C. Increasing direct foreign investment in the United States D. Decreasing protectionist pressure among U.S. businesses