Which of the Following Statements Is Most Correct

question 53

Multiple Choice

Which of the following statements is most correct?

• A) All banks are financial intermediaries, but not all financial intermediaries are banks.
• B) Financial intermediaries must be public corporations.
• C) All financial intermediaries are insurance companies.
• D) Financial intermediaries are government agencies.

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Definitions:

Ability

The possession of the means or skill to perform a task or achieve an outcome, often acquired through practice or learning.

Self-Serving Bias

The common human tendency to attribute one's successes to personal factors while attributing failures to factors beyond one's control.

Fundamental Attribution Error

A cognitive bias where people tend to attribute others' actions to their character or disposition while underestimating situational factors.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to the feedback between belief and behavior.