Which of the following is not correct? Question 3 options: By saving a larger portion of its GDP, a country can raise its output per worker. Savers supply their money to the financial system with the expectation that they will get it back with a return at a later date. Financial intermediaries are the only type of financial institution. The financial system helps match people’s saving with other people’s borrowing.
Which of the following is not correct? Question 3 options: By saving a larger portion of its GDP, a country can raise its output per worker. Savers supply their money to the financial system with the expectation that they will get it back with a return at a later date. Financial intermediaries are the only type of financial institution. The financial system helps match people’s saving with other people’s borrowing.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Which of the following is not correct?
Question 3 options:
By saving a larger portion of its |
|
Savers supply their money to the financial system with the expectation that they will get it back with a return at a later date. |
|
Financial intermediaries are the only type of financial institution. |
|
The financial system helps match people’s saving with other people’s borrowing. |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education