A financial intermediary is
A) a firm that specializes in borrowing funds from savers and lending those funds to investors.
B) publicly owned but managed in the public interest.
C) a firm that regulates the money supply.
D) All of the choices are true of a financial intermediary.
Correct Answer:
Verified
Q130: Which is the most accurate statement?
A)The savings
Q131: About how many commercial banks are operating
Q132: Statement I: Welfare banks are check-cashing outlets.
Statement
Q133: In a fractional reserve banking system
A)commercial banks
Q134: Precautionary cash balances
A)are invested in insurance policies
Q136: A main function of money is to
Q137: Statement I: Welfare banks are set up
Q138: Which of the following is not a
Q139: In the fractional reserve banking system
A)only a
Q140: The precautionary demand for money originates in
A)people's
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