Multiple Choice
One reason China has been able to grow so rapidly even though its financial development is still in its early stages is
A) the high savings rate of around 40%.
B) the shift of labor to the agricultural sector.
C) the stringent enforcement of financial contracts.
D) the ease of obtaining high-quality information about creditors.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: A clause in a mortgage loan contract
Q9: The primary loan customer of state-owned banks
Q10: Tools to help solve the adverse selection
Q11: Because of the weak systems of property
Q12: Of the sources of external funds for
Q14: Equity contracts<br>A)are claims to a share in
Q15: Debt contracts<br>A)are agreements by the borrowers to
Q16: Which of the following statements concerning external
Q17: Commercial and farm mortgages,in which property is
Q18: The principal-agent problem would not occur if