________ Is a Unit of Government That Performs a Single

question 26

Multiple Choice

________ is a unit of government that performs a single service in a limited geographic area.

• A) A special purpose district
• B) The county government
• C) The local government
• D) A single-member district

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Definitions:

Securities

Instruments evidencing ownership in a public corporation, a creditor's claim against a corporation or government body via bonds, or ownership entitlements through option contracts.

Financial Intermediaries

Entities such as banks, insurance companies, and investment firms that facilitate transactions between savers and borrowers by channeling funds from those who save to those who need to borrow.

Commercial Banks

Financial institutions that accept deposits from the public, offer various savings products, and provide loans including personal, mortgage, and business loans.

Insurance Companies

Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.