Financial Enterprises, More Popularly Referred to as Financial Institutions, Provide

question 26

Multiple Choice

Financial enterprises, more popularly referred to as financial institutions, provide a variety of services. Which of the below is NOT one of these?

• A) Transform financial assets acquired through the market and constituting them into a different, and more widely preferable, type of asset-which becomes their liability.
• B) Exchange financial assets on behalf of customers but not for their own accounts.
• C) Manage the portfolios of other market participants.
• D) Assist in the creation of financial assets for their customers, and then sell those financial assets to other market participants.

---

Definitions:

Auto Magazine

A publication that focuses on automotive industry news, car reviews, and features about new and upcoming vehicles.

Car Industry

the global business sector involved in the manufacturing, design, development, marketing, and selling of motor vehicles, including cars, trucks, motorcycles, and related services.

Direct-Mail Prospecting

The process of mailing advertisements to a large number of people over an extended geographic area.

Prospects

Potential customers or clients who are considered likely to purchase a product or service based on their needs, abilities, and interests.