The Main Role of Financial Intermediaries Is To

question 28

Multiple Choice

The main role of financial intermediaries is to:

• A) borrow funds from surplus units and lend them to borrowers.
• B) provide advice to consumers on their finances.
• C) provide funds for the government to cover budget deficits.
• D) help ensure there are enough funds in circulation in a country.

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Definitions:

Self-Regulation

is the ability of individuals to manage their own thoughts, emotions, and behaviors to achieve long-term goals.

Industry Watchdog

An organization or group that monitors and reports on the practices and ethics within a specific industry to ensure they abide by legal and ethical standards.

Written Code

Refers to any system of symbols or rules for communication, often applied to computer programming languages.

Corporate Espionage

The practice of illegally obtaining trade secrets or confidential information from competitors or other businesses.