In Addition to

question 92

Multiple Choice

In addition to

• A)performing financial intermediation,banks are important in that they help create a medium of exchange.
• B)serving as financial markets,mutual funds are important in that they help create a store of value.
• C)serving as stores of value,stocks and bonds also serve as media of exchange.
• D)All of the above are correct.

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Definitions:

Canadian Dollar

The official currency of Canada, represented by the symbol CAD or simply $, and used throughout the country.

U.S. Dollar

The official currency of the United States, widely used as a benchmark in international trade.

Foreign Exchange Markets

Global markets where currencies are traded, allowing for the conversion of one currency into another for trading and investment purposes.

U.S. Interest Rates

The rates at which interest is paid by borrowers for the use of money that they borrow from lenders, specifically in the United States.