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7 In contrast to individual investors, financial intermediaries will be willing to make longer term loans, and at a lower cost to borrowers, because: They
7 In contrast to individual investors, financial intermediaries will be willing to make longer term loans, and at a lower cost to borrowers, because:
- They are counting on successive deposits providing the funds until maturity.
- Individual investors are more apt to make long-term loans.
- All risk is eliminated.
- None of the above.
- All of the above.
8. Investors who place their funds in an investment company, which in turn invests the funds received in the stock of a large number of companies benefit from:
- Diversification.
- Reduced risk.
- Lower cost.
- All of the above.
- a and b only.
19. With a debit card,
- A bill is sent to the debit cardholder periodically requesting payment for transactions that have been made in the past.
- Funds are immediately withdrawn from the purchasers account at the time the transaction takes place.
- Funds are withdrawn periodically (usually once a month) for transactions made by the cardholder during the previous month.
- All of the above.
- None of the above.
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