Banks Perform an Intermediation Function by Providing Deposits Which Are

question 64

True/False

Banks perform an intermediation function by providing deposits which are part of the payments system vital to the proper functioning of the economy, and by providing loans as their major assets.

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Definitions:

S Phase

Stage in interphase of the cell cycle during which DNA and other chromosomal constituents are synthesized. Compare with G1 phase and G2 phase.

Metaphase

A stage of cell division where chromosomes line up at the cell's equator before being separated into each of the two new cells.

Prophase

The first stage of cell division in both mitosis and meiosis, characterized by the condensation of the chromatin and the formation of the mitotic spindle.

Meiosis

A form of cell division in sexually reproducing organisms that reduces the chromosome number by half, producing four haploid cells, each genetically distinct from the parent cell that gave rise to them.