The Time and Money Spent in Carrying Out Financial Transactions

question 17

Multiple Choice

The time and money spent in carrying out financial transactions are called

• A)economies of scale.
• B)financial intermediation.
• C)liquidity services.
• D)transaction costs.

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Definitions:

Illegal Immigrants

Individuals who enter or reside in a country without the required authorization or documents.

United States

A country consisting of 50 states and a federal district, recognized for its significant influence in global economics, politics, and culture.

Remittances

Money sent by individuals working abroad back to their home countries, contributing to the economy.

Developed Countries

Nations with advanced industrial bases, high levels of income per capita, and varied economies, often characterized by stable governments and well-established infrastructures.