The Following Functions Are Provided by Financial Intermediaries for the Smooth

question 61

Multiple Choice

The following functions are provided by financial intermediaries for the smooth functioning of the economy:
I. The payment mechanism II) Borrowing and lending
III. Pooling risk

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

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Definitions:

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which suggests that intelligence is not a single general ability but a combination of multiple distinct abilities.

Interpersonal Intelligence

A term derived from Howard Gardner's theory of multiple intelligences, referring to the ability to understand and interact effectively with others, including the skills of social awareness, empathy, and effective communication.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Decision-making

The cognitive process of making a choice or finding a solution among several alternatives.