Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch

Exercise 17

Rank the following actors in financial markets by the level of liquidity they are providing.
a. Entrepreneurs offering equity in their businesses.
b. The Federal Reserve offering banks the chance to borrow short-term money through the discount window. c. Investment banks offering shares in mutual funds, which penalize you if you withdraw your money within 30 days.
d. A bank offering you a no-minimum reserve requirement checking account.