Examlex
Which of the following is not a major function of financial intermediaries?
CDS Contracts
Credit Default Swap (CDS) contracts are financial derivatives that allow an investor to swap or offset their credit risk with that of another investor.
$400 Billion
A monetary value representing four hundred billion dollars, often mentioned in the context of budgets, market values, or economic policies.
Subprime Mortgages
Subprime Mortgages are loans offered to individuals with poor credit histories, posing higher risks of default but charging higher interest rates for lenders.
Accounting Scandal
An accounting scandal involves the deliberate manipulation of financial statements to create a false or misleading appearance of a company’s financial health, often to deceive investors and regulators.
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