Multiple Choice
Which of the following is not true for banks in developing countries?
A) Banks are often viewed with suspicion.
B) Many bank depositors withdraw their funds at the first sign of economic problems.
C) Banks often make loans for extended periods because they can easily rely on a continuous supply of deposits.
D) If financial institutions fail to serve as intermediaries between savers and borrowers, the lack of funds for investment becomes an obstacle to growth.
E) The credit provided by banks as a percentage of total output is one-fifth of that in high-income countries.
Correct Answer:
Verified
Correct Answer:
Verified
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