Channeling funds from individuals with surplus funds to those desiring funds when the saver does not purchase the borrower's security is known as
A) barter.
B) redistribution.
C) financial intermediation.
D) taxation.
C
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Suppose the per-unit production cost of a book is $4.00 and the retail price is $32
If the book publisher sells books to a bookstore at a 40 percent discount, what is the amount of the publisher's markup per book? Assume that bookstores sell books at the retail price. A) $12.80 B) $15.20 C) $19.20 D) $21.60
The monetarists emphasize the
a. importance of fiscal policy for determining GDP. b. the instability of the money supply. c. the stability of velocity. d. need to "fine tune" the level of economic activity. e. both b and c.
What do the Monetarist and Keynesian economists claim was the main cause of the Great Depression?
(a) A contraction in supply (b) A downturn in demand (c) The falling federal deficit (d) All of the above
Break-even quantity is a point where
a. Level of profit is maximized b. Level of cost is minimized c. Only variable costs are covered d. There is neither a profit nor a loss