The Following Functions, Provided by Financial Intermediaries, Enable the Smooth

question 61

Multiple Choice

The following functions, provided by financial intermediaries, enable the smooth functioning of the economy:
I.processing of payments;
II.borrowing and lending;
III.pooling risks

• A)I only
• B)I and II only
• C)I, II, and III
• D)III only

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Definitions:

Capital Expenditure

Long-term investment spent on acquiring or maintaining fixed assets, such as equipment, buildings, or land.

Company Truck

A vehicle owned by a business, used for the company's operations or logistical needs.

Company Car

A vehicle provided by a company for the business and sometimes personal use of its employees.

Units-of-Activity Method

A depreciation method that calculates an asset's expense based on its usage, activities, or units of production, rather than the passage of time.