What Is Clientelism

question 91

Multiple Choice

What is clientelism?

• A) The same as corruption
• B) A form of corporate social responsibility
• C) Favouritism for particular groups that may be legal, but is inimical to social interests
• D) The "friction" in a market
• E) A synonym for public-private partnerships (PPPs)

Distinguish between different types of banking regulations and their purposes.

Analyze the effects of banking deregulation and its consequences on the banking system.

Understand the concept and implications of moral hazard in the banking sector.

Recognize the role and impact of money market mutual funds in competition with traditional banking.

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Definitions:

Risk Adjusted NPV

Net Present Value method adjusted for the risk associated with the uncertain cash flows, taking into account the variability of returns and the cost of capital.

Initial Cost

The initial expenditure required to acquire an asset, including the purchase price and any additional costs necessary to get the asset ready for its intended use.

Cash Inflows

Funds that are received, whether from business operations, investment returns, or financing activities.

Certainty Equivalent Approach

This is a method used in financial analysis to determine the value of risky investments by finding the risk-free cash flow amount that an investor would accept instead of taking a risk.