A financial intermediary
A) is a government-owned acceptor of deposits.
B) pools the funds of many people.
C) speculates in the stock market.
D) advances loans but does not accept deposits.
Correct Answer:
Verified
Q25: Which of the following is true of
Q26: Which of the following is true of
Q27: Andy keeps his savings in a certificate
Q28: Mr.Smith bought stocks of several companies from
Q29: A treasury bond issued by the U.S.government
A)does
Q31: A company that transfers funds from savers
Q32: A company that takes short term deposits
Q33: Mary used her savings to buy some
Q34: Treasury bills issued by the U.S.government
A)do not
Q35: Andy keeps his savings in a money
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