Banks Are Referred to as Intermediaries Because They

question 138

Multiple Choice

Banks are referred to as intermediaries because they

• A)are part of the money supply process.
• B)earn a profit.
• C)charge interest on a loan.
• D)channel funds from depositors to borrowers.
• E)provide a way for people to save their money.

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Definitions:

New Deal Democrat

A supporter of the New Deal, a series of programs and projects instituted during the Great Depression by President Franklin D. Roosevelt aiming to restore economic health to the US.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to more money leaving the country than coming in.

Clean Election

An election process that is free from corruption, fraud, and undue influence, ensuring fair representation and democratic principles.

Governing Style

Refers to the methods, strategies, and practices utilized by leaders or governments to rule, manage, and make decisions for a country or organization.