1) Financial systems have efficiency when borrowers are able to finance at the...

60.1K

Verified Solution

Question

Finance

1) Financial systems have efficiency when

  1. borrowers are able to finance at the highest possible cost.

  2. surplus spending units are able to receive the lowest return on their savings.

  3. transaction and intermediation costs are low.

  4. lenders have a limited choice of financial investments.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students