Which of the Following Is True of Banks

question 85

Multiple Choice

Which of the following is true of banks?

• A)Banks reduce the opportunity cost of holding idle cash.
• B)Banks act as intermediaries between the government and private investors.
• C)Banks can reduce risk by lending to rich borrowers.
• D)Banks reduce the transaction costs of borrowing and lending money.
• E)Banks can reduce risks by extending more loans.

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