1. There are several reasons for recent financial innovation including _______.
avoidance of regulation
changes in the NYSE
changes in household income
2. Default free or risk free securities are issued by _______.
United States government [Uncle Sugar]
state governments
municipal governments
3. Which of the following illustrates Indirect Funds Transfer?
Lender <=> Borrower
User <=> Saver
Borrower <=> Financial Intermediary <=> Saver