Financial Intermediaries Provide the Following Important Functions for the Economy

question 39

True/False

Financial intermediaries provide the following important functions for the economy: the payment mechanism, borrowing and lending, and pooling of risks.

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Definitions:

Electric-Powered Streetcars

Urban public transportation vehicles that run on electricity, significant in the development of efficient mass transit systems in the 19th and early 20th centuries.

Subways

Underground urban rail transit systems designed to alleviate surface traffic congestion and provide efficient public transportation in densely populated cities.

African Americans

People in the United States with ancestry from the black racial groups of Africa, often experiencing a unique cultural and historical identity.

Urban Experiences

The range of activities, interactions, and ways of life that are found or occur within cities.