In Addition to

question 92

Multiple Choice

In addition to

• A)performing financial intermediation,banks are important in that they help create a medium of exchange.
• B)serving as financial markets,mutual funds are important in that they help create a store of value.
• C)serving as stores of value,stocks and bonds also serve as media of exchange.
• D)All of the above are correct.

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Definitions:

Trade

The exchange of goods and services between people or entities, often in return for money.

Great Goals

Objectives that are ambitious, clear, and challenging, yet achievable, and that motivate individuals or teams to perform at their highest levels.

Specific

Clearly defined or identified; precise or particular in nature.

Timely

Occurring at a suitable or opportune moment, often with the implication of being precisely timed for its purpose.