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Author Question: An efficient market is a market that establishes correct prices for the securities that firms sell ... (Read 99 times)

Brittanyd9008

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on: Jul 11, 2018
An efficient market is a market that establishes correct prices for the securities that firms sell and allocates funds to their most productive use as a result of the intense competition among investors.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is NOT a function of a financial intermediary in the lending/borrowing process?
 
  A) To help establish terms of the lending/borrowing agreement
  B) To match the borrower and the lender
  C) To bear the risk that the borrower will not repay
  D) All of the above are functions of a financial intermediary.


cupcake16

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Reply #1 on: Jul 11, 2018
Answer to Question 1

TRUE

Answer to Question 2

Answer: D


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