alleryStart learning →Who in 1999 stressed that NBFIs act as backup if the main form of intermediation fails?
ARaghuram Rajan
BJoseph Stiglitz
CAlan Greenspan
DBen Bernanke
Answer & Solution
Correct answer: C. Alan Greenspan
Alan Greenspan in 1999 identified NBFIs as providing alternatives that act as backup if the primary intermediation fails.
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