Institutions That Serve as the Bridge Between Savers and Borrowers

question 130

Multiple Choice

Institutions that serve as the bridge between savers and borrowers are known as

• A) commercial banks.
• B) credit unions.
• C) financial intermediaries.
• D) securities firms.

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Definitions:

Business Travelers

Individuals who travel primarily for business purposes, such as meetings, conferences, and networking.

Lower Price

When the cost of a good or service decreases relative to previous pricing levels, making it more affordable.

Price Discrimination

Price discrimination involves charging different prices to different consumers for the same product or service, based on willingness to pay, location, or other distinguishing factors.

Inelastic Demand

Refers to a situation where demand for a product does not significantly change with a change in the product's price.