Institutions That Help to Match One Person's Saving with Another

question 88

Multiple Choice

Institutions that help to match one person's saving with another person's investment are collectively called the

• A)Federal Reserve system.
• B)banking system.
• C)monetary system.
• D)financial system.

---

Definitions:

Perpetual Inventory System

An accounting method that records inventory transactions in real-time, immediately reflecting changes in inventory levels.

Purchase Of Inventory

The act of acquiring goods or raw materials that a company intends to sell in its normal business operations.

Terms 2/15

A payment term indicating that a buyer can take a 2% discount on the invoice amount if the payment is made within 15 days of the invoice date.

Net 45

This payment term requires the buyer to pay the total net amount due within 45 days after the invoice date or goods receipt.