Which of the Following Is Correct About Banks

question 49

Multiple Choice

Which of the following is correct about banks?

• A) Banks are financial intermediaries that do not get funds from depositors.
• B) Banks attract deposits from savers to lend to borrowers, and earn a profit on the difference between the interest paid by depositors and the interest charged to borrowers.
• C) Banks aim to attract home buyers.
• D) Banks do not feel the need to inspire depositor confidence.
• E) None of these statements are correct.

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Definitions:

Camping Equipment

Gear or tools specifically designed for use while camping, including tents, sleeping bags, and portable cooking devices.

Portable Gas Stove

A compact and transportable cooking device that uses gas fuel for outdoor or emergency cooking.

Dollar Markup

The total of operating expenses and net profit. Markup expressed as an amount rather than as a percent.

Landscape Company

A business that provides services such as garden design, planting, and maintenance for outdoor environments.