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Some of the key functions of banks include:I. Ensuring that customers have confidence in the bank's ability to keep their money safe.II. Facilitating access to bank funds at reasonable, market-based interest rates.III. Mediating between the short-term needs of savers and the long-term needs of borrowers.IV. Facilitating the quick and easy sale of demand deposits.V. Reducing information asymmetry between lenders and borrowers.VI. Facilitating investment in high return, liquid assets. Question 19Answer a. II, III, V and VI only. b. I, II, III, V and VI only. c. I, II, III, and IV only d. I and II only

Some of the key functions of banks include:I. Ensuring that customers have confidence in the bank's ability to keep their money safe.II. Facilitating access to bank funds at reasonable, market-based interest rates.III. Mediating between the short-term needs of savers and the long-term needs of borrowers.IV. Facilitating the quick and easy sale of demand deposits.V. Reducing information asymmetry between lenders and borrowers.VI. Facilitating investment in high return, liquid assets. Question 19Answer a. II, III, V and VI only. b. I, II, III, V and VI only. c. I, II, III, and IV only d. I and II only

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Some of the key functions of banks include:
I. Ensuring that customers have confidence in the bank's ability to keep their money safe.
II. Facilitating access to bank funds at reasonable, market-based interest rates.
III. Mediating between the short-term needs of savers and the long-term needs of borrowers.
IV. Facilitating the quick and easy sale of demand deposits.
V. Reducing information asymmetry between lenders and borrowers.
VI. Facilitating investment in high return, liquid assets.

Question 19Answer

a.

II, III, V and VI only.

b.

I, II, III, V and VI only.

c.

I, II, III, and IV only

d.

I and II only

 

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