One Characteristic of a Financial Intermediary Is That

question 55

Multiple Choice

One characteristic of a financial intermediary is that

• A) it acts as a broker in the sale of stocks and bonds.
• B) it intermediates between workers and firms.
• C) it transforms assets.
• D) it cannot processes information.
• E) it is a lending institution only.

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Definitions:

Basic Mistrust

A term associated with Erik Erikson's stages of psychosocial development, referring to the first stage where infants learn whether or not they can trust the world based on their needs being met.

Basic Trust

A fundamental sense of trust in the world and others, often developed during infancy, that is seen as the foundation of healthy psychological development.

Responsive

Showing a positive and quick reaction to something, either emotionally or by taking action.

Sensitive

Easily affected by external conditions or stimuli.