Which of the Following Are Financial Intermediaries

question 134

Multiple Choice

Which of the following are financial intermediaries?

• A)both banks and mutual funds
• B)banks but not mutual funds
• C)mutual funds but not banks
• D)neither banks or mutual funds

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Definitions:

Complement

In set theory, referring to the set of all elements not in a particular set within a given universal set; in logic, it may refer to the negation of a concept or term.

Obverse

The opposite or counterpart of a given logical statement.

Proposition

A statement that expresses a concept that can either be true or false.

Converse

In logic, the condition obtained by swapping the hypothesis and conclusion of a conditional statement.