Financial Intermediaries Include the Following

question 27

Multiple Choice

Financial intermediaries include the following:

• A) bank.
• B) credit unions.
• C) insurance companies.
• D) investment companies.
• E) All of these.

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Definitions:

Accounts Payable

Liabilities owed by a business to creditors for purchases of goods and services on credit, to be paid in the near term.

Work in Process Inventory

inventory that is in the production process but not yet completed.

Factory Wages Payable

Liabilities for wages owed to manufacturing employees that have not yet been paid.

Factory Payroll

The total compensation paid to employees working within a manufacturing setting, including wages, salaries, and benefits.