Which of the Following Is NOT a Major Function of Financial

question 6

Multiple Choice

Which of the following is NOT a major function of financial intermediaries?

• A)Brokerage services.
• B)Asset transformation services.
• C)Information production.
• D)Management of the nation's money supply.
• E)Administration of the payments mechanism.

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Definitions:

Private Firms

Businesses owned and controlled by individuals or groups of individuals, as opposed to being owned by the government.

Property Rights

Legal rights to possess, use, and dispose of assets including real property (land and buildings) and intellectual property.

Fundamental Function

A basic or essential function that is fundamental to a system or process.

Government

The organization that is the governing authority of a political unit, responsible for creating and enforcing laws and managing public resources and services.