Which of the Following Is Incorrect Regarding Financial Intermediaries

question 118

Multiple Choice

Which of the following is incorrect regarding financial intermediaries?

• A)They link savers and borrowers.
• B)They earn profits by loaning money.
• C)They offer lower interest rates on savings than they charge on loans.
• D)They print money.
• E)They accept deposits.

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Definitions:

Identity Achievement

A status of self-understanding where an individual has gone through exploration of different identities and made commitments to particular goals, values, or beliefs.

Identity Diffusion

A stage in Erik Erikson's theory of psychosocial development where an individual has not yet achieved a sense of personal identity and direction.

Identity Foreclosure

A psychological term referring to a state in which an individual prematurely commits to an identity without adequate exploration of other options.

Hypothetical Thinking

The ability to consider possibilities, propositions, and scenarios that are not immediately physically present or proven.