Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following is considered a financial intermediary?
A)The Federal Reserve
B)A bankruptcy court
C)The U.S. Department of Commerce
D)A credit union
E)A foreign exchange

Question

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following is considered a financial intermediary?
A)The Federal Reserve
B)A bankruptcy court
C)The U.S. Department of Commerce
D)A credit union
E)​A foreign exchange

Quizplus · Accepted Answer

A credit union is a financial intermediary that accepts deposits from individuals and channels those deposits into loans and investments, thereby facilitating the flow of funds between savers and borrowers.

Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth