It Is Generally Agreed That

question 7

Multiple Choice

It is generally agreed that

• A) the financial system would be more efficient if intermediaries were eliminated.
• B) small- and medium-sized firms benefit by the actions of intermediaries.
• C) the addition of intermediaries adds to transactions costs.
• D) intermediaries should not seek to profit from reducing transactions costs.

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Definitions:

Pons

A portion of the brainstem that plays a key role in controlling breathing, communication between different parts of the brain, and sensations such as hearing, taste, and balance.

Medulla

A part of the brainstem involved in autonomic functions, such as heartbeat and breathing.

Respirator

A device designed to protect the wearer from inhaling harmful substances, such as dust, smoke, or fumes, or to ensure a safe breathing environment in areas with contaminated air.

Reticular Formation

A complex network of nerve pathways in the central nervous system that plays a key role in controlling arousal and alertness.