Which of the Following Is Not Considered a Financial Intermediary

question 39

Multiple Choice

Which of the following is not considered a financial intermediary?

• A)A commercial bank
• B)A savings and loan association
• C)The U.S.Department of Commerce
• D)A credit union
• E)An investment bank

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Definitions:

Break-Even EBIT

The level of earnings before interest and taxes that will cover all operating expenses and financial charges, resulting in zero net income or loss.

Coupon Rate

A bond's yearly interest payment, represented as a percentage of its face value.

Interest Tax Shield

A decrease in income tax obligations due to subtracting debt interest payments from taxable income.

Semi-Annually

This pertains to an event or action occurring twice a year, typically every six months.