Question
Which of the following statements is NOT true regarding financial institutions? A. Financial institutions exist because they help diversification. B. Financial institutions exist because they
Which of the following statements is NOT true regarding financial institutions?
| A. | Financial institutions exist because they help diversification. | |
| B. | Financial institutions exist because they help create free riders. | |
| C. | Financial institutions exist because they help mitigate asymmetric information problem. | |
| D. | Financial institutions exist because they help reduce the transaction costs.
|
Which of the following statements is CORRECT?
| A. | High employment means the status of having only structural unemployment in the economy. | |
| B. | High employment means the status of having only frictional unemployment in the economy. | |
| C. | Maintaining zero unemployment is considered the top priority of monetary policy. | |
| D. | High employment means the status of having both frictional and structural unemployment in the economy
|
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
