If financial intermediaries did not have the ability to pool the resources of small savers:
A. the risk associated with lending would decrease.
B. the economy would grow faster.
C. borrowers needing large amounts of money would find it more costly to obtain the funds.
D. people would likely save more.
Answer: C
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In a voluntary exchange,
A) both parties tend to receive more in value than they give u
During the labor dispute of 2011, the owners contended that the NFL players were
A. decertifying their union as an artificial tactic. B. forming a players-owned league. C. signing with Canadian teams. D. striking.
Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. What will be the domestic quantity supplied?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
Assume that all taxes are lump-sum, net exports = 0, and the marginal propensity to consume is 0.8. Then, if investment and taxes were each to fall by $100 million, the equilibrium level of income would
A) rise by $100 million. B) fall by $100 million. C) rise by $500 million. D) fall by $500 million.