Match the Following Terms with Their Definitions

question 23

Multiple Choice

Match the following terms with their definitions.
-Market value

• A)Tax to raise revenue for cities, schools, etc.
• B)A tax on consumers for certain merchandise or services
• C)Value of property to calculate property taxes
• D)1/10 of a cent
• E)Current value today
• F)Budget needed divided by total assessed value
• G)Tax on luxury items

---

Definitions:

Financial Intermediaries

Institutions that facilitate the channeling of funds between savers and borrowers, by ensuring the flow of capital.

Pension Funds

Investment pools, typically of large size, established to manage and invest the retirement funds of employees, offering them income upon retirement.

Credit Unions

Member-owned financial cooperatives that provide the same services as banks but are typically nonprofit, aiming to serve their members rather than maximize profit.

Agency Problem

A conflict of interest inherent in any relationship where one party is expected to act in the best interest of another.