Which of the Following Is Not an Example of a Financial

question 39

Multiple Choice

Which of the following is not an example of a financial intermediary?

• A) a pension fund
• B) an insurance company
• C) a commercial bank
• D) the New York Stock Exchange

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Definitions:

Principal

The original amount of money borrowed or invested, before any interest or profit is added.

Agent

An entity that acts on behalf of another entity or person, typically in a business context.

Operating

The process of controlling and managing the day-to-day activities necessary for running a business or organization.

Incentive Scheme

A structured plan designed to promote or encourage specific actions or behaviors by offering rewards or penalties.