A bank is a financial intermediary. Which of the following statements is most accurate?
A) The bank's depositors are the ultimate lenders and the bank is the ultimate borrower.
B) People seeking loans from the bank are the ultimate spenders while the bank is the ultimate lender.
C) The bank's depositors are the ultimate lenders, while those seeking loans from the bank are the ultimate spenders.
D) Those seeking loans from the bank are the ultimate spenders; the bank's stockholders are the ultimate lenders.
Correct Answer:
Verified
Q13: Financial instruments are different from money because
Q14: Financial instruments are used to channel funds
Q15: Sue has a checking account at the
Q16: Financial instruments and money share which of
Q17: A financial intermediary:
A) is an agency that
Q19: Juan purchases automobile insurance; the insurance contract
Q20: Mary purchases a U.S. Treasury bond; the
Q21: A futures contract is an example of:
A)
Q22: Many financial instruments are standardized because:
A) it
Q23: More detailed financial instruments tend to be:
A)
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