A discussion of the economic functions of
问题:
A discussion of the economic functions of money and banking produced the following statements: Statement 1: Direct exchange of commodities is less efficient than money exchange because of the search costs involved in finding an individual with whom to trade. Statement 2: The cost of funds for borrowers is lower in an economy that features depository institutions than it would be in an economy that lacked them. Are these statements correct Statement 1 Statement 2()①A. Correct Correct ②B. Correct Incorrect ③C. Incorrect Correct
A. ①
B. ②
C. ③