Q226
Financial intermediaries exist because small investors cannot efficiently ________.
A.
diversify their portfolios
B.
gather all relevant information
C.
assess credit risk of borrowers
D.
advertise for needed investments
E.
all of above
AnswerAnswer: Option E
Solution
Answer: Option E
Solution:
Financial intermediaries exist because small investors cannot efficiently diversify their portfolios, gather all relevant information, assess credit risk of borrowers and advertise for needed investments.