1-54 Which of the following statements is FALSE?
A) A financial intermediary specializes in the production of information.
B) A financial intermediary reduces its risk exposure by pooling its assets.
C) A financial intermediary benefits society by providing a mechanism for payments.
D) A financial intermediary may act as a broker to bring together funds deficit and funds surplus units.
E) A financial intermediary acts as a lender of last resort.
Correct Answer:
Verified
Q49: 1-52 Depository financial institutions include all of
Q50: 1-58 Advantages of depositing funds into a
Q51: 1-49 The Internet has allowed individual investors
Q52: 1-56 In its role as a delegated
Q53: 1-48 The standardization of many FI products
Q55: 1-44 The proportion of financial assets controlled
Q56: 1-59 Many households place funds with financial
Q57: 1-60 The reason FIs can offer highly
Q58: 1-43 In recent years,the proportion of savings
Q59: 1-55 Which function of an FI reduces
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