Which of the Following Is True of Financial Services Provided

question 16

Multiple Choice

Which of the following is true of financial services provided by persons working in banks, insurance companies, and brokerage firms?

• A) Persons working in banks, insurance companies, and brokerage firms help investors achieve the highest earnings per share.
• B) Persons working in banks, insurance companies, and brokerage firms help individuals and companies determine how to invest money to achieve their financial goals.
• C) Persons working in banks, insurance companies, and brokerage firms help corporations fulfil the regulations required by the Sarbanes-Oxley Act.
• D) Persons working in banks, insurance companies, and brokerage firms help public corporations follow environment-friendly practices.
• E) Persons working in banks, insurance companies, and brokerage firms help corporations make decisions concerning their cash flows, including both inflows and outflows.

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the optimal quantity of a good is not produced.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

European Countries

Nations located on the continent of Europe, known for diverse cultures, languages, and economies.

Deadweight Loss

The decrease in economic effectiveness when a product or service fails to achieve or cannot attain its balance point.