Which of the Following Are Designed to Prevent Disintermediation

question 40

Multiple Choice

Which of the following are designed to prevent disintermediation?

• A) Adjustable rate mortgages
• B) Secondary mortgage markets
• C) Pass-through certificates
• D) Certificates of deposit

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Definitions:

Fiscal Year

A one-year period used for financial reporting and budgeting purposes, which doesn't necessarily align with the calendar year.

Condensed Income Statement

A simplified financial statement that shows a company's revenues, expenses, and net income over a specific period, omitting detailed line items.

Operating Expenses

Costs associated with the day-to-day functions of a business outside of direct production costs, including items like rent, utilities, and payroll expenses.

Sales

Sales refer to the transactions where goods or services are exchanged for money, representing the primary source of revenue for most businesses.