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:

Performance Rating

An assessment of an individual's or organization's performance, often compared against predetermined standards or objectives.

Time Standard

A benchmark or reference point for the expected time required to complete a task, often used in manufacturing and productivity analysis.

Work Sampling

A statistical technique used to estimate the proportion of time spent by workers on various tasks, through random observations over a period.

Acceptable Error

The degree of deviation from a standard or accurate value that is considered tolerable or permissible in computations or measurements.