Financial Intermediaries _____

question 60

Multiple Choice

Financial intermediaries _____.

• A) issue secondary claims to the lender
• B) are compensated for their services by fixed fees
• C) include both brokers and dealers
• D) issue primary claims to the lender

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Definitions:

Power Steering Hoses

High-pressure hoses that convey hydraulic fluid between the power steering pump and the steering gear to assist in vehicle steering.

Pressurized Fluid

Fluid under greater pressure than the surrounding environment, often used in hydraulic systems to transmit power.

Recirculating Ball

A type of steering mechanism in vehicles that uses a series of ball bearings to minimize friction and wear in the steering box.

Gearbox

In a steering mechanism, the use of gears to increase the mechanical advantage and decrease driver effort in turning the steering wheel while converting the wheel’s motion into motion that moves the vehicle’s front wheels.