Multiple Choice
Financial intermediaries develop ________ in things such as computer technology which allows them to lower transactions costs.
A) expertise
B) diversification
C) regulations
D) equity
Correct Answer:
Verified
Correct Answer:
Verified
Q70: Regulation of the financial system<br>A)occurs only in
Q71: Because information is scarce<br>A)helps explain why equity
Q72: The name economists give the process by
Q73: The free-rider problem occurs because<br>A)people who pay
Q74: Solutions to the moral hazard in equity
Q76: Of the sources of external funds for
Q77: In developing countries,it can be expensive and
Q78: The principal-agent problem<br>A)occurs when managers have more
Q79: The "lemons problem" exists because of<br>A)transactions costs.<br>B)economies
Q80: High net worth helps to diminish the