This economic function of financial institution-transforming more risky assets into less risky ones-is called _____________________.
A. diversification
B. maturity intermediation
C. information processing cost
D. None of them
查看答案
What are the economic functions of financial institution discussed in this chapter?
A. providing maturity intermediation
B. risk reduction via diversification
C. reducing the costs of contracting and information processing
D. Providing a payment mechanism
maturity intermediation 的中文意思为:
________________________represent one of the largest groups of depository intermediaries, and their operations affect nearly everyone either directly or indirectly.
A. Savings and loan associations
B. Mutual savings banks
Commercial banks
D. Credit unions