Question 20 Which one of the following is an incorrect statement about US financial system? Saving and investment are important determinants of long run growth in GDP and living standards. The primary advantage of mutual funds is that they allow people with small amounts of money to diversity their holdings Financial Intermediaries are financial institutions through which savers can directly provide funds to borrowers O The institutions that make up this system-the bond market, the stock market, banks, and mutual funds-have the role of coordinating the economy's saving and investment.
Question 20 Which one of the following is an incorrect statement about US financial system? Saving and investment are important determinants of long run growth in GDP and living standards. The primary advantage of mutual funds is that they allow people with small amounts of money to diversity their holdings Financial Intermediaries are financial institutions through which savers can directly provide funds to borrowers O The institutions that make up this system-the bond market, the stock market, banks, and mutual funds-have the role of coordinating the economy's saving and investment.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 6SCQ: Imagine that you are in the position of buying loans in the secondary market (that is, buying the...
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