Which of the Following Terms Refers to Institutions That Help

question 42

Multiple Choice

Which of the following terms refers to institutions that help to match one person's saving with another person's investment?

• A)the Bank of Canada
• B)the banking system
• C)the monetary system
• D)the financial system

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Definitions:

Manufacturer

A person or company that makes goods for sale, especially on a large scale.

Output Contracts

Agreements in which a seller agrees to sell all the output of a certain product to a particular buyer.

Requirements Contracts

Contracts where one party agrees to purchase all of its needs for a particular commodity from the other party for a certain period.

Common Law

A body of laws based on judicial decisions and customs, rather than statutory laws passed by a legislature.