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Author Question: Which of the following functions are performed by depository institutions? I. They make long-term ... (Read 130 times)

misspop

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on: Jun 29, 2018
Which of the following functions are performed by depository institutions?
 
  I. They make long-term loans using short-term deposits, thereby creating liquidity.
  II. They efficiently gather funds from a large base of depositors.
  III. They concentrate risk.
  A) I only
  B) II only
  C) III only
  D) I and II

Question 2

An increase in labor productivity ________ the real wage rate and an increase in population ________ the real wage rate.
 
  A) raises; lowers
  B) raises; raises
  C) lowers; lowers
  D) lowers; raises


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kardosa007

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


misspop

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Kedrick2014

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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