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valputin valputin
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8 years ago
A key finding of the economic analysis of financial structure is that
A) while free-rider problems limit the extent to which securities markets finance some business activities, nevertheless the majority of funds going to businesses are channeled through securities markets.
B) economists do not have a very good explanation for why securities markets are so heavily regulated.
C) given the great extent to which securities markets are regulated, free-rider problems are not of significant economic consequence in these markets.
D) the existence of the free-rider problem for traded securities helps to explain why banks play a predominant role in financing the activities of businesses.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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8 years ago
This is great!
Our course uses > The Economics of Money, Banking and Financial Markets
wrote...
8 years ago
@valputin,

Happy to help Slight Smile
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