Most people's involvement with the financial system is through financial intermediaries rather than financial markets.
举一反三
- The financial system includes two types: financial institutions and financial markets.
- The presence of _________ in financial markets leads to adverse selection and moral hazard problems that interfere with the efficient functioning of financial markets.
- The economy’s two most important financial markets are A: the investment market and the saving market. B: the bond market and the stock market. C: banks and the stock market. D: financial markets and financial institutions.
- Which of the following statements is NOT a feature of financial markets? () A: Financial markets generally provide borrowers with lower cost funds<br/>than through a financial intermediary. B: Funds are channelled directly from savers to borrowers. C: Contractual agreements are issued between savers and borrowers. D: Financial markets generally deal only with the purchase and sale of<br/>government securities.
- Financial intermediaries _________