An Example of How Financial Intermediaries Can Assist in Shifting

question 80

Multiple Choice

An example of how financial intermediaries can assist in shifting an individual's consumption to the future is:

• A) lending money to the individual.
• B) providing a checking account.
• C) opening a savings account.
• D) requiring purchases to be in cash.

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Definitions:

Secret Wishes

Concealed hopes or desires that an individual privately cherishes but may not openly express.

Individual Members

Persons who are part of a group or organization, each contributing uniquely to its function and purpose.

Mistaken Thinking

Erroneous or false reasoning and beliefs about situations or events.

Interact

To communicate or act together, often impacting each other in the process.