Which of the following is an example of financial intermediation?
A) Susan buys shares of stock issued by a fast food company.
B) A foreign government buys bonds issued by the U.S.Treasury.
C) John makes a deposit at a bank and the bank uses this money to make an auto loan to Luke.
D) None of the above is correct.
Correct Answer:
Verified
Q126: Which of the following is a financial
Q128: Which of the following is both a
Q136: Which of the following statements is correct?
A)A
Q137: Which of the following is both a
Q138: In addition to
A)performing financial intermediation,banks are important
Q140: Which of the following statements is correct?
A)Stocks,bonds,and
Q149: The primary advantage of mutual funds is
Q157: A mutual fund
A)is a financial market where
Q160: The old adage, "Don't put all your
Q189: Table 26-2
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