Which of the Following Statements Is Most Correct

question 53

Multiple Choice

Which of the following statements is most correct?

• A) All banks are financial intermediaries, but not all financial intermediaries are banks.
• B) Financial intermediaries must be public corporations.
• C) All financial intermediaries are insurance companies.
• D) Financial intermediaries are government agencies.

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Definitions:

Obligee

One to whom an obligation is owed.

Delegatee

One to whom contract duties are delegated by another, called the delegator.

Delegated Duty

A task or responsibility that is assigned by someone in authority to another person or entity to execute.

Assignor

The person who assigns contract rights.