By Reducing Transactions and Information Costs,financial Intermediaries Can

question 107

Multiple Choice

By reducing transactions and information costs,financial intermediaries can

• A) offer savers higher interest rates.
• B) offer borrowers lower interest rates.
• C) earn a profit.
• D) all of the above.

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Definitions:

Social Pressures

The influence that is exerted on individuals or groups by society, encouraging them to conform to societal norms and expectations.

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Legal

Pertaining to the laws, regulations, and codes that govern behavior, agreements, and proceedings within a jurisdiction.

Unethical

Acting in a manner that is contrary to what is considered morally right or fair.