Financial Intermediaries Are

question 22

Multiple Choice

Financial intermediaries are

• A)the same as financial markets.
• B)individuals who make profits by buying a stock low and selling it high.
• C)a more general name for financial assets such as stocks, bonds, and checking accounts.
• D)financial institutions through which savers can indirectly provide funds to borrowers.

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Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.

Attachment

A legal process in which a court designates property of the defendant to be seized or secured to satisfy a potential judgment.

Enforceable

A description of a legal agreement or contract that can be upheld or compelled by law.

Certificated Security

A security that is represented in physical, paper form rather than in electronic or digital form.