The presence of _________ in financial markets leads to adverse selection and moral hazard problems that interfere with the efficient functioning of financial markets.
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.