The Banking Industry

question 47

Multiple Choice

The banking industry

• A) should have an efficiency advantage in gathering information that would eliminate the need for the money markets.
• B) exists primarily to mediate the asymmetric information problem between saver-lenders and borrower-spenders.
• C) is subject to more regulations and governmental costs than the money markets.
• D) all of the above are true.
• E) only A and B of the above are true.

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Definitions:

Ethical Issue

A situation or decision that involves a conflict between the perceived correctness of different moral imperatives or ethical principles.

Valued Rewards

Benefits, both tangible and intangible, that are given to employees as recognition for their contributions and performance.

Job Satisfaction

A positive emotional state resulting from the appraisal of one's job or job experiences, contributing to performance and retention.

Job Performance

The effectiveness with which job incumbents execute the required duties of their positions within an organization.