FIs Perform Their Intermediary Function in Two Ways

question 18

Multiple Choice

FIs perform their intermediary function in two ways

• A)they specialize as brokers between savers and users.
• B)they serve as asset transformers by purchasing primary securities and issuing secondary securities.
• C)they serve as asset transformers by purchasing secondary securities and issuing primary securities.
• D)they specialize as brokers between savers and users and they serve as asset transformers by purchasing primary securities and issuing secondary securities.

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Definitions:

Manifold Gauge Set

The shop station used to recycle, recharge, and diagnose A/C systems.

Hand Valves

Devices that control the flow of fluid through pipes or tubing, manually operated by a person.

Receiver/Dryer

Performs three functions on liquid refrigerant in the refrigeration cycle: filters particles, removes moisture, and stores a small amount of the liquid refrigerant until needed in the system evaporator.