Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 39

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following is considered a financial intermediary?

• A)The Federal Reserve
• B)A bankruptcy court
• C)The U.S. Department of Commerce
• D)A credit union
• E)​A foreign exchange

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Definitions:

Lawn Mower

A machine utilizing one or more revolving blades to cut grass to an even length, commonly used in garden and landscape maintenance.

Substantial Expense

A significant outlay of money, often categorized as higher than usual costs, that can impact financial positions or budgets.

Consideration

A value promised in exchange for a certain act in a contractual agreement.

Quantum Meruit

A legal principle where a party is compensated with a reasonable sum for goods or services provided, even if no contract exists.