A Bank That Wires Funds for the Purchase of a Beach

question 83

Multiple Choice

A bank that wires funds for the purchase of a beach house in South Carolina for a customer in Oklahoma is carrying out the __________ of banks.

• A)intermediation role
• B)payment role
• C)guarantor role
• D)agency role
• E)policy role

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Definitions:

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Circadian Rhythm

The physical, mental, and behavioral changes that follow a 24-hour cycle, primarily responding to light and darkness in an organism's environment.

Body Temperature

The measure of the body's ability to generate and get rid of heat, vital for maintaining metabolic processes.

Biological Event

An occurrence within a biological system, often referring to events that have significant implications for the functioning or evolution of that system.