If knowledge possessed by one party in a financial transaction is NOT known to the other party, ________ exists.
A. no financial intermediation
B. disintermediation
C. asymmetric information
D. fraud
Answer: C
You might also like to view...
Under the Exchange Rate Mechanism of the European Monetary System, when the German mark depreciated below its lower limit against the British pound, the German central bank was required to buy ________ and sell ________,
thereby ________ international reserves. A) pounds; marks; losing B) pounds; marks; gaining C) marks; pounds; gaining D) marks; pounds; losing
The benefits a retired worker receives from Social Security are a fixed percentage of the wages he or she earned
Indicate whether the statement is true or false
Economic growth is:
A. an increase in our economy's potential output. B. represented by the long-run aggregate supply curve shifting to the right. C. a result of having more natural resources, land or capital. D. All of these are true.
Which of the following is NOT a characteristic of populist regimes?
A) Nationalistic ideologies B) Focus on economic growth C) Focus on income redistribution D) Focus on controlling inflation