Which of the Following Is False

question 15

Multiple Choice

Which of the following is false?

• A)Financial intermediaries have experienced tremendous growth in recent decades and have become relatively more important than direct financing that bypasses intermediaries.
• B)Financial intermediaries have become less specialized over time.
• C)Depository institutions are the most important type of financial intermediary.
• D)Financial intermediaries have become more diversified and offered the public a wider range of financial services.

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Definitions:

Communication Process

The sequence of steps whereby information is transmitted and understood between two or more parties.

Decoding

The process of interpreting or making sense of messages received in communication.

Knowledge

Facts, information, and skills acquired through experience or education; the theoretical or practical understanding of a subject.

Experience

The knowledge or mastery of an event or subject gained through involvement in or exposure to it.