An Example of How Financial Intermediaries Can Assist in Shifting

question 49

Multiple Choice

An example of how financial intermediaries can assist in shifting an individual's consumption to the future is:

• A)Lending money to the individual.
• B)Providing a checking account.
• C)Opening a savings account.
• D)Requiring purchases to be in cash.

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Definitions:

Demand for Payment

A formal request made by a creditor or holder of a financial instrument for the debtor to pay the owed amount by a specified deadline.

Proper Manner

Appropriate or correct method or behavior, often emphasized in formal, legal, or prescribed contexts.

Alteration

The act of making changes to a document, garment, or object that results in a modification of its original state.

Negotiable Instrument

A written agreement that commits to paying a precise amount of money, on demand or at a fixed time, with the person who will make the payment clearly identified on it.