Question
What terms are associated with the architecture of markets? a . decentralized decision making; automatic; coincidence of specific information and ownership. b . decentralized decisions;
What terms are associated with the architecture of markets?
a decentralized decision making; automatic; coincidence of specific information and ownership.
b decentralized decisions; bureaucratic; coincidence of ownership and specific information.
c centralized decisions; automatic; incentive to maximize value of ownership.
d decentralized decisions; centralized coordination of actions; information disseminated via the prices.
e bureaucratic allocation of decision making rights; coincidence of incentives and ownership;
information disseminated through the price mechanism
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
