Financial intermediaries:
A. provide handling of payments but usually less efficiently than other firms.
B. increase the cost of financial transactions but offset these higher costs by providing safekeeping of customer funds.
C. provide safety of resources, but only for the large borrowing customers who can afford it.
D. reduce the cost of financial transactions.
Answer: D
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Economics demonstrates that opening up unrestricted free international trade is beneficial to all nations. However, are there any losers from such a policy change?
What will be an ideal response?
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What will be an ideal response?