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At Its Most Basic Level,the Function of Financial Intermediaries Is

question 92

Multiple Choice

At its most basic level,the function of financial intermediaries is to ________.


Definitions:

Specialization

Division of productive activities so that no one is self-sufficient.

Self-Sufficient

The ability of an individual, household, or nation to meet all their needs without external assistance or trade.

Standard of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Importing

The process of importing products or services from other countries for the purpose of selling them domestically.

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