The presence of _________ in financial markets leads to adverse selection and moral hazard problems that interfere with the efficient functioning of financial markets.
asymmetric information
举一反三
- Financial crises A: are major disruptions in financial markets that are characterized by sharp declines in asset prices and the failures of many financial and nonfinancial firms B: occur when adverse selection and moral hazard problems in financial markets become more significant C: frequently lead to sharp contractions in economic activity D: are all of the above
- The presence of transaction costs in financial markets explains, in part, why _________
- Financial markets have the basic function of _________
- Which of the following is not a function 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.
内容
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Financial markets improve economic welfare because _________
- 1
Poorly performing financial markets can be the cause of
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Factors that lead to worsening conditions in financial markets include A: increases in interest rates. B: declining stock prices. C: increasing uncertainty in financial markets. D: all of the above. E: only A and B of the above.
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Factors that lead to worsening conditions in financial markets include
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The government regulates financial markets for three main reasons: _________