If Knowledge Possessed by One Party in a Financial Transaction

question 44

Multiple Choice

If knowledge possessed by one party in a financial transaction is not known to the other party, ________ exists.

• A)disintermediation
• B)asymmetric information
• C)fraud
• D)no financial intermediation

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Definitions:

Presentation Anxiety

Nervousness or fear felt by individuals when required to speak or perform in front of an audience, often leading to symptoms like sweating, trembling, or difficulty speaking.

Effective Delivery

Executing a task, presentation, or performance in a manner that successfully achieves its intended purpose or objectives.

Onscreen Journal

An electronic or digital journal displayed on a computer screen, used for recording accounting transactions.

Adjusting Entries

Journal entries used to adjust account balances in order to reflect more accurate financial information at the end of an accounting period.