A loan company is not a financial intermediary because it does not receive deposits.
Correct Answer:
Verified
Q7: Interest on home-equity loans often is tax-deductible
Q8: It is illegal for banks to charge
Q9: A bank is a not-for-profit organization.
Q10: Which of the following is considered a
Q11: Return on equity is the ratio of
Q13: Banks move money between
A)other banks.
B)banks and individual
Q14: All federally chartered banks must be corporations.
Q15: Commercial banks offer their services only to
Q16: In the United States, banks and _
Q17: One result of competition among banks is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents