Financial Intermediaries Include Each of the Following, Except

question 51

Multiple Choice

Financial intermediaries include each of the following, except:

• A)The New York Stock Exchange
• B)Credit unions
• C)Savings banks
• D)Commercial banks

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Definitions:

Operations

The day-to-day activities involved in running a business, such as production, sales, and administration.

Residual Value

The estimated value that an asset will have at the end of its useful life, after depreciation has been deducted.

Useful Life

The estimated duration a fixed asset is expected to be economically useful to an organization, beyond which it may be depreciated or disposed of.

Average Rate of Return

A financial ratio that measures the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.