Financial Intermediaries' Low Transaction Costs Allow Them to Provide ________

question 4

Multiple Choice

Financial intermediaries' low transaction costs allow them to provide ________ services that make it easier for customers to conduct transactions.

• A)liquidity
• B)conduction
• C)transcendental
• D)equitable

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Definitions:

Merchandise

Goods or products that are bought and sold by businesses.

Credit Sales

Sales made by a business where payment is delayed as per agreed-upon terms, typically recorded as accounts receivable.

Subsidiary Ledger

A detailed ledger that contains the granular transaction details supporting a summary account in the general ledger.

Sales Journal

A specialized journal used to record all sales of merchandise on credit, organizing transactions systematically for accounting purposes.