A financial intermediary that functions as an escrow service
A)holds the buyers payment until the goods arrive and the buyer approves the payment.
B)holds the buyers payment until appropriate state taxes are paid.
C)holds the goods until it receives payment from the buyer.
D)holds the goods until appropriate state taxes are paid.

Question

Quizplus · Accepted Answer

An escrow service typically holds funds from a buyer until the goods or services have been received and accepted by the buyer. This helps to provide some assurance to both the buyer and the seller that the transaction is legitimate and protects against fraud or non-delivery.

A Financial Intermediary That Functions as an Escrow Service