Financial Intermediaries Provide the Following Important Functions for the Economy

question 16

True/False

Financial intermediaries provide the following important functions for the economy ¾ the payment mechanism, borrowing and lending, and pooling risk.

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Definitions:

Shipping Costs

Expenses associated with the transportation of goods from one location to another, typically borne by the seller or the buyer as specified in sales terms.

GIS

Geographic Information System, a tool that captures, stores, analyzes, and presents spatial or geographical data.

Customer Buying Patterns

The behaviors and tendencies of consumers when purchasing goods or services, often analyzed to predict future buying behaviors.

Revealing

The act of making known or disclosing information that was previously unknown or hidden.