Which of the Following Is NOT Correct with Respect to Financial

question 101

Multiple Choice

Which of the following is NOT correct with respect to financial institutions?

• A) Financial institutions channel funds from those with shortages to those with surplus funds.
• B) Commercial banks, insurance companies, and mutual funds are examples of financial institutions.
• C) Financial institutions reduce monitoring costs and liquidity costs.
• D) Financial institutions reduce price risk.

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Definitions:

General-to-specific

A pattern of organization where information is presented from broad concepts to detailed points, often used in writing and speech.

Problem-solution

A text structure that presents a problem and offers one or more solutions for it.

Complaint Letter

A letter that expresses dissatisfaction with a product or service.

Progress Report

A document that outlines the current status of a project, including what has been accomplished, plans for the future, and any issues encountered.