Author Question: Institutional reversal refers to the fact that: A) the same institutions that were highly ... (Read 118 times)

Frost2351 · **on:** Jun 30, 2018

Institutional reversal refers to the fact that:

A) the same institutions that were highly inclusive in the year 1500 slowly changed into extractive institutions as a result of modernization.
B) Europeans established more extractive institutions in places that were previously more developed, and set up more inclusive institutions that were previously less developed.
C) Europeans established more extractive institutions in places that were previously less developed, and set up more inclusive institutions that were previously more developed.
D) the same institutions that were highly extractive in the year 1500 slowly changed into inclusive institutions as a result of modernization.

Question 2

The function that banks perform by obtaining funds from households, businesses, and governments and lending these funds to other households, businesses, and governments is known as

A) fiscal intermediation. B) financial intermediation.
C) lending intermediation. D) liquidity intermediation.