Which of the Following Is Not a Benefit Associated with Financial

question 75

Multiple Choice

Which of the following is not a benefit associated with financial intermediaries?

• A) reduced costs
• B) fund indivisibility
• C) financial flexibility
• D) diversification of risk

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Definitions:

Grain Co-op

An agricultural cooperative organization owned and operated by farmers for the processing, marketing, or selling of grains.

Misspelled Name

An error in the spelling of a name in a document, which may or may not affect the legality or validity of the document.

Indorse

To sign the back of a financial instrument, such as a check, to make it payable to someone other than the original payee or to endorse a document formally.

Payee

The party in a financial transaction who receives the payment.