题目内容

Financial institutions________________.

A. exist because there are substantial information and transaction costs in the economy.
B. help reduce the exposure of investors to risk
C. are involved in the process of indirect finance
D. do all of the above

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A. adverse selection
B. asymmetric information
C. moral hazard
D. fraud

A. asymmetric information
B. adverse selection
C. moral hazard
D. fraud

A. depository institutions
B. investment intermediaries
C. contractual saving institutions
D. All of the above