Question
All of the following are reasons why savers with small amounts to invest rarely make loans directly to individuals or firms, except a- Interest rates
All of the following are reasons why savers with small amounts to invest rarely make loans directly to individuals or firms, except
a- Interest rates would not be high enough.
b- They cannot take advantage of economies of scale.
c- Information costs associated with these loans are too high.
d- Transaction costs associated with these loans are too high.
Which one would it be?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
