Which of the Following Is Not Correct with Respect to Financial

question 96

Multiple Choice

Which of the following is not correct with respect to financial institutions?

• A) Financial institutions channel funds from those with shortages to those with surplus funds.
• B) Commercial banks, insurance companies and mutual funds are examples of financial institutions.
• C) Financial institutions reduce monitoring costs and liquidity costs.
• D) Financial institutions reduce price risk.

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Definitions:

Christianize Indians

Efforts by European settlers and missionaries to convert Indigenous peoples of the Americas to Christianity, often part of broader colonization efforts.

Powhatan Confederacy

A coalition of Native American tribes in the Eastern Woodlands that was dominated by the Powhatan people, during the early 17th century.

English Colonists

Individuals from England who settled in areas of North America, eventually leading to the establishment of early American colonies in the 16th and 17th centuries.

Jamestown

The initial enduring settlement by the English in North America, founded in Virginia during the year 1607.