The Function of Financial Intermediaries Is to Transfer Purchasing Power

question 91

Multiple Choice

The function of financial intermediaries is to transfer purchasing power from

• A)Dissavers to consumers.
• B)Consumers to savers.
• C)Savers to dissavers.
• D)Dissavers to savers.

---

Definitions:

Freight Costs

Freight Costs entail the charges incurred for the transportation of goods by land, sea, or air.

Perpetual System

A system for managing inventory that instantly logs sales or purchases via computerized point-of-sale systems and enterprise asset management software.

Inventory

A company's complete stock of items and materials, kept for the aim of either resale or use in manufacturing processes.

Sales Discount

A reduction in the price of a product or service offered by a seller to the purchaser, usually provided for prompt payment or in specific situations.