An important consequence of financial deepening is ________
A) an increase in the number of new firms
B) a sharp increase in levels of saving & investment
C) higher profit rates
D) an expansion of bank loans relative to other funding sources
A
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A monopolist finds the output (Q*) rate that maximizes profit. It finds the price by
A) taking the height of the marginal revenue curve at output rate Q*. B) taking the height of the marginal cost curve at output rate Q*. C) taking the height of the demand curve at output rate Q*. D) setting price equal to marginal cost.
After Hurricane Katrina, construction wages in New Orleans rose partly because of the loss of a working population.
Answer the following statement true (T) or false (F)
Which of the following is an example of expansionary fiscal policy?
A. Increase taxes. B. Decrease government spending. C. Increase government spending. D. Increase taxes and decrease government spending equally.
Which of the following is NOT a description of indirect finance?
A. A pension fund ompany lends funds to you. B. You take out a student loan from your bank. C. You borrow $10,000 from your parents. D. You buy shares in a mutual fund.