Solved

Which of the Following Is Not a Characteristic of Financial

Question 14

Multiple Choice

Which of the following is not a characteristic of financial institutions?


A) Their profit is generally made up of bank charges
B) They facilitate the flow of funds from entities with a cash surplus to those with a cash deficit
C) Their profit is generally the difference between the interest rates paid to creditors and that charged to debtors
D) Their assets are primarily cash or claims to cash

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents