Which of the following is not one of the ways that banks reduce transaction costs for creditworthy borrowers?
a. coping with asymmetric information
b. increasing risk through diversification
c. enforcing loan contracts
d. These are all ways banks reduce transaction costs
b
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Exxon, Mobil, and Amoco are all descendants of the ___________ trust.
Fill in the blank(s) with the appropriate word(s).
A one percentage point in the growth rate
A) does not make much difference in the long run per capita real GDP. B) will not influence the real standard of living in a country. C) can make a big difference in the per capita real GDP because of urban congestion. D) can make a big difference in the per capita real GDP because of compounding.
An annually budgeted budget can only be met if automatic stabilizers are effective
a. True b. False Indicate whether the statement is true or false
For how many years does a Federal Reserve governor serve on a term?
a. 7 b. 10 c. 12 d. 14