The Following Functions, Provided by Financial Intermediaries, Enable the Smooth

question 14

Multiple Choice

The following functions, provided by financial intermediaries, enable the smooth functioning of the economy:

• A)processing of payments.
• B)processing of payments and borrowing and lending.
• C)processing of payments, borrowing and lending, and pooling risks.
• D)pooling risks.

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Definitions:

Memorandum

A written message, commonly used in business or office environments, for internal communication regarding procedures, official notices, or directives.

First-Person Pronoun

Pronouns such as "I," "me," "we," and "us" used by speakers or writers to refer to themselves.

Formal Reports

Detailed written documents that cover a specific topic or project, typically organized in a structured format for official purposes.

Working Agreement

A mutual understanding or an informal contract among members of a team about the standards, procedures, and responsibilities they agree to follow.