Which of the Following Is Not Correct

question 18

Multiple Choice

Which of the following is not correct?

• A) By saving a larger portion of its GDP, a country can raise its output per worker.
• B) Savers supply their money to the financial system with the expectation that they will get it back with interest at a later date.
• C) Financial intermediaries are the only type of financial institution.
• D) The financial system helps match people's saving with other people's borrowing.

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Definitions:

Property

Property refers to legally protected claims to resources, such as land, personal possessions, intellectual property, or other assets that are owned or controlled by a person or entity.

Unilateral Contract

A contract formed when one party performs what has been requested by the other party; there is a promise followed by an act, but not an exchange of promises.

Lost Dog

A canine that has gone missing from its owner's home or care.

Groceries

Items of food and other household necessities purchased for consumption and use within the home.