Which of the Following Is Not Correct

question 18

Multiple Choice

Which of the following is not correct?

• A) By saving a larger portion of its GDP, a country can raise its output per worker.
• B) Savers supply their money to the financial system with the expectation that they will get it back with interest at a later date.
• C) Financial intermediaries are the only type of financial institution.
• D) The financial system helps match people's saving with other people's borrowing.

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Definitions:

Employers

Employers are individuals or organizations that hire and pay people to perform specific jobs.

Workers

Individuals engaged in any form of labor, whether employed by organizations, self-employed, or working as freelancers, contributing to the production of goods and services.

Producer Surplus

The difference between the amount a producer is paid for a good compared to the minimum amount they would be willing to accept for it, a measure of producer welfare.

Price

The sum of money needed to buy a product, service, or commodity.