Which of the Following Is an Example of Financial Intermediation

question 122

Multiple Choice

Which of the following is an example of financial intermediation?

• A) Susan buys shares of stock issued by a fast food company.
• B) A foreign government buys bonds issued by the U.S.Treasury.
• C) John makes a deposit at a bank and the bank uses this money to make an auto loan to Luke.
• D) None of the above is correct.

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Definitions:

Manufacturing Operations

Encompasses the processes involved in converting raw materials or components into finished goods.

Process Cost System

A financial approach for allocating expenses to akin goods that are manufactured in bulk in an ongoing manner.

Factory Overhead

All indirect costs associated with manufacturing, excluding the direct costs of labor and materials.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, based on estimated costs and activity levels.