Which of the following is not one of the three key services provided by the financial system to savers and borrowers?

A) risk sharing
B) credit counseling
C) liquidity
D) information


B

Economics

You might also like to view...

If a firm's fixed cost exceeds its total revenue, the firm should stop production by shutting down temporarily

Indicate whether the statement is true or false

Economics

Hong Kong chooses to have ________ and ________ and therefore, cannot have an independent monetary policy at the same time

A) capital control; a fixed exchange rate B) free capital mobility; a fixed exchange rate C) free capital mobility; a flexible exchange rate D) capital control; a flexible exchange rate

Economics

If the federal budget deficit grows too large, then we can safely state that it will be difficult for government to justify implementing contractionary fiscal policies

Indicate whether the statement is true or false

Economics

When the government raises revenue by printing money, it imposes an "inflation tax" because the:

A. real value of money holdings falls. B. interest rate falls. C. difference between nominal and real interest rates becomes smaller. D. nominal value of money holdings falls.

Economics