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:

Legislative Branch

The branch of government responsible for making laws; in the U.S., it consists of the Congress, which is divided into the Senate and House of Representatives.

Statutes

Written laws passed by a legislative body at both the federal and state levels.

Shape Constancy

The perceptual skill that allows individuals to recognize the shape of an object as the same, even when its angle, distance, or lighting changes.

Peripheral Vision

The ability to see objects and movement outside of the direct line of vision, towards the edges of the visual field.