Without the Participation of Financial Intermediaries in Financial Market Transactions

question 9

Multiple Choice

Without the participation of financial intermediaries in financial market transactions,

• A)information and transaction costs would be lower.
• B)transaction costs would be higher but information costs would be unchanged.
• C)information costs would be higher but transaction costs would be unchanged.
• D)information and transaction costs would be higher.

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Definitions:

Interest in Land

A legal right or claim to real estate property, including ownership or use rights.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed by the party to be charged, in order to be legally enforceable.

Real Property

Pertains to land and anything permanently attached to it, such as buildings, including the rights associated with ownership of land.

Uniform Commercial Code

A detailed collection of regulations for overseeing commercial activities in the USA, aimed at standardizing business statutes nationwide.