Financial Intermediaries Are Important Because

question 14

Multiple Choice

Financial intermediaries are important because

• A) the process of finding loans is complicated
• B) firms are usually unwilling to part with extra revenue
• C) they are examples of banks
• D) we could not function in society without them
• E) they facilitate efficient transactions between borrowers and lenders

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Definitions:

Student Nonviolent Coordinating Committee

An important organization in the American civil rights movement of the 1960s, focusing on direct action and voter registration drives, especially in the South.

Congress of Racial Equality

An African-American civil rights organization in the United States that played a pivotal role in the struggle against segregation and discrimination in the 1940s through the 1960s.

James Meredith

An American civil rights activist, the first African American student to integrate the University of Mississippi in 1962, amid widespread rioting and opposition.