How Do Banks Engage in Specialization and Division of Labor

question 270

Multiple Choice

How do banks engage in specialization and division of labor?

• A) Banks are the only avenue for savers to save their money and for borrowers to borrow for projects.
• B) Banks specialize in lending to risky borrowers.
• C) Banks coordinate the collection of lenders' funds and employ specialists in risk assessment to assure that the funds are safely used.
• D) Banks specialize in facilitating IPOs.

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Definitions:

Spaceship-Earth

A metaphorical concept suggesting that Earth is like a spacecraft with limited resources that must be shared and protected by its inhabitants.

Rachel Carson

An American marine biologist and environmentalist whose landmark book, "Silent Spring," raised awareness about the dangers of pesticides and sparked the modern environmental movement.

Silent Spring

A book by Rachel Carson that highlighted the adverse effects of pesticides on the environment, marking the beginning of the environmental movement.

Kyoto

A city in Japan that was the site of the Kyoto Protocol, a 1997 international treaty aimed at fighting global warming by reducing greenhouse gas emissions.