The Financial Intermediaries That the Average Person Interacts with Most

question 95

Multiple Choice

The financial intermediaries that the average person interacts with most frequently are

• A)exchanges.
• B)over-the-counter markets.
• C)finance companies.
• D)banks.

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Definitions:

Foreclosed

The judicial procedure that ends an owner's claim to a property, often because of the inability to keep up with mortgage payments.

Expected Revenue

The anticipated amount of money that a business expects to receive from its activities or sales, based on probabilistic assessment of future sales.

Private-Values Auction

A type of auction in which each bidder knows their own valuation of the item for sale, but this valuation is private and may differ from that of other bidders.

English Auction

A type of auction where bidders openly bid against one another, and the item is sold to the highest bidder.