The Financial System Consists of Financial _____, Such as Commercial

question 16

Multiple Choice

The financial system consists of financial _____, such as commercial banks, and financial _____, such as the stock market.

• A) markets; intermediaries
• B) allocations; investments
• C) intermediaries; markets
• D) markets; institutions

---

Definitions:

Sales Returns

Goods returned by customers to the seller after the sale, often due to defects, not meeting the buyer's needs or other reasons.

Cash Sale

A transaction in which goods or services are paid for and received at the time of sale, using cash or its equivalents.

Discount Period

The time frame within which a payment can be made at a reduced rate before it reverts to the full price.

Accounts Receivable

The money owed to a business by its clients or customers for goods or services delivered but not yet paid for.