8) One lesson that Akerlofs Lemons model provides is: (2pts) that for high quali

Question

8) One lesson that Akerlofs Lemons model provides is: (2pts) that for high quality providers to survive they must provide a way that customers can distinguish O high quality from low quality. O low quality providers will not survive in a market. O people always prefer high quality to low quality goods moral hazard is unavoidable. O None of the above 9) The primary distinction among commercial banks, savings and loan associations, and credit unions has to do with the kinds of deposit accounts that they offer. O whether or not they must meet the reserve requirements set by the Fed O their ability to borrow from the Federal Reserve. O the kinds of loans that they make

Explanation / Answer

Q.8 Option 1. As high quality service or goods are highly priced, the customers expect high quality which would satisfy the consumer expectation

Q.9. Option 4. Each financial institution differs from the loan perspective as credit unions lend loans with non profit motive

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