If Firm A's Business Is to Obtain Savings from Individuals

question 8

True/False

If Firm A's business is to obtain savings from individuals and then invest them in financial assets issued by other firms or individuals, Firm A is a financial intermediary.

---

Definitions:

Deceptive Advertising

Marketing practices that mislead or trick consumers into making a purchase based on false or misleading claims.

FTC

The Federal Trade Commission, a U.S. government agency that aims to protect consumers and promote competition.

Advertising Regulation

Refers to the laws and rules governing how products and services can be promoted to the public.

Truth in Lending Act

A federal law designed to protect consumers in their dealings with lenders and creditors by requiring clear disclosure of loan terms and costs.