The Major Characteristic That Is Used to Differentiate Among Types

question 116

Multiple Choice

The major characteristic that is used to differentiate among types of intermediaries is whether they:

• A) install exchange barriers such as location,time,and quantity
• B) create specialization of labor
• C) create economies of scale
• D) take title to the products they sell
• E) raise profit margins for independent middlemen

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Definitions:

Counter Currency

The second currency listed in a foreign exchange rate transaction, which can be bought or sold relative to the base currency.

Purchasing Power

The ability of an individual or group to buy goods or services, often tied to income levels and inflation.

Appreciation

An increase in the value of one currency relative to another currency.

Nanotechnology

The science and technology of creating and utilizing materials, devices, and systems by manipulating matter at the nanometer scale.