Question
Every financial market has the following characteristic: A) It determines the level of interest rates. B) It allows stocks to be traded. C) It allows
Every financial market has the following characteristic:
A) It determines the level of interest rates.
B) It allows stocks to be traded.
C) It allows loans to be made.
D) It channels funds from savers to borrowers.
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ANSWER A It determines the level of interest rates Some of the characteristics of financial markets ...
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
