Examlex
Which of the following is most likely an example of a firm engaging in disintermediation?
Pledge
A commitment or security for the payment of a debt, performance of an action, or purchase of a good.
Estate
The total value of all the assets owned by an individual at the time of their death, including property, cash, and investments, minus any liabilities.
Interest Income
Income earned from lending funds or depositing money in interest-bearing accounts.
Budgetary Control Accounts
Accounting tools used to compare actual financial performance with budgeted amounts, facilitating effective financial management and control.
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