1-54 Which of the Following Statements Is FALSE

question 56

Multiple Choice

1-54 Which of the following statements is FALSE?

• A)A financial intermediary specializes in the production of information.
• B)A financial intermediary reduces its risk exposure by pooling its assets.
• C)A financial intermediary benefits society by providing a mechanism for payments.
• D)A financial intermediary may act as a broker to bring together funds deficit and funds surplus units.
• E)A financial intermediary acts as a lender of last resort.

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Definitions:

Tilted Arc

A controversial public art installation by Richard Serra, installed in New York City in 1981 and removed in 1989, known for its large curved steel form.

Jacob K. Javits Federal Building

A federal office building located in New York City, named after U.S. Senator Jacob K. Javits and known for its modernist architecture.

Richard Serra

A contemporary American artist known for his large-scale, site-specific sculptures made from industrial materials, particularly steel.

Kalabari Masquerades

Traditional ritual performances involving elaborate costumes and masks, significant in the culture of the Kalabari people of Nigeria.