A _____ is a nonprofit institution that collects the savings of its members and invests those funds in a diversified portfolio to provide income to members when they retire.
A) life insurance company
B) pension fund
C) commercial bank
D) investment bank
Correct Answer:
Verified
Q248: Banks are financial intermediaries that:
A) have customer
Q249: Which item is NOT a financial intermediary?
A)
Q250: Owners of stock may receive income in
Q251: Which function is performed by financial intermediaries?
A)
Q252: Which index includes the most companies and
Q254: Financial intermediaries do NOT include:
A) mutual funds.
B)
Q255: Financial intermediaries that manage a stock portfolio
Q256: If interest rates increase, making bonds more
Q257: A _ sells policies to savers and
Q258: Shares of stock are:
A) shares of ownership
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