Question: Question 32 1 pts The phrase, bad risks drive good risks out of the market refers to the effect of which of the following? 0

Question 32 1 pts The phrase, \"bad risks driveQuestion 32 1 pts The phrase, \"bad risks drive
Question 32 1 pts The phrase, \"bad risks drive good risks out of the market\" refers to the effect of which of the following? 0 a. Arbitrage O b. Transactions costs 0 c. Adverse selection 0 d. Moral hazard 0 e. None of the above. Question 33 1 pts Which of the following can best explain the reasons for the particular structures of financial systems in the U.S. and other countries? O a. Mispricing of risk by financial investors O b. Transactions and information costs O c. Arbitrage activities of investors O d. Lax banking regulations O e. None of the above

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