Which of the Following Is an Example of a Financial

question 106

Multiple Choice

Which of the following is an example of a financial intermediary?

• A)Banks.
• B)The Federal Reserve.
• C)The U.S.Treasury.

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Definitions:

Individual Income Tax

A tax levied on the income of individuals, including wages, salaries, and investment returns.

Clothing Tax

A specific tax imposed on the sale or purchase of clothing, which can vary by jurisdiction.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to tax.

Federal Income Tax

Tax levied by the national government on the annual income of individuals, corporations, trusts, and other legal entities.