Which of the Following Is Both a Financial Institution and a Financial

question 78

Multiple Choice

Which of the following is both a financial institution and a financial intermediary?

• A)banks
• B)stock exchanges
• C)the bond market
• D)All of the above are correct.

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Definitions:

Coffee

A beverage made from roasted and ground beans of the coffee plant, commonly consumed for its stimulating effects.

Substitution Effect

The economic principle that as the price of a good or service rises, consumers will replace it with cheaper alternatives.

Utility

represents the total satisfaction received from consuming a good or service.

Total Utility

The overall satisfaction or fulfillment that a consumer receives from consuming a particular quantity of goods or services.