At Its Most Basic Level,the Function of Financial Intermediaries Is

question 92

Multiple Choice

At its most basic level,the function of financial intermediaries is to ________.

• A)track and report interest rates
• B)move money from lenders to borrowers and back again
• C)report all financial transactions to the federal government
• D)effect a transfer of wealth in society

---

Definitions:

Armature

The rotating part of an electric generator or motor that interacts with the magnetic field to produce electromotive force.

Chute Plates

Components used in machinery for guiding or directing materials through a designated path or chute.

Electrical Arc

An electrical arc is a visible plasma discharge caused by the flow of electric current through a normally nonconductive medium like air, usually resulting from a voltage breakdown between two electrodes.

Relay Contact

Relay contact refers to the conductive part of a relay that opens or closes the electrical circuit, allowing or stopping the flow of electricity.