Which of the Following Statements Is NOT a Feature of Financial

question 84

Multiple Choice

Which of the following statements is NOT a feature of financial markets?

• A) Financial markets generally provide borrowers with lower cost funds than through a financial intermediary.
• B) Funds are channelled directly from savers to borrowers.
• C) Contractual agreements are issued between savers and borrowers.
• D) Financial markets generally deal only with the purchase and sale of government securities.

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Definitions:

Relay

Any of a number of devices that receives a signal and then effects an action. In vehicle electrical circuits, relays are used to allow a small current circuit to control a large current circuit such as in a starter relay. Also known as a pilot.

Transistor

A semiconductor device used to amplify or switch electronic signals and electrical power, fundamental in modern electronic circuits.

V-Ref

Reference voltage. ECU or ECM conditioned voltage (usually 5 volts DC) supplied to various sensors (such as thermistors, potentiometers) in truck electronic circuits. In most cases, a portion of the voltage is returned to indicate the status of sensor.