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A Bank Is a Financial Intermediary

question 5

Multiple Choice

A bank is a financial intermediary. Which of the following statements is most accurate?


Definitions:

Sue

The act of bringing a legal action against an individual or entity to seek redress or enforcement of rights.

Check

A draft drawn on a bank and payable on demand.

Stop Payment Order

A request made to a bank by an account holder not to pay a check or payment that has been issued but not yet processed.

Poor Quality

Refers to products or services that do not meet expected standards or specifications.

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