Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Obviously financial intermediaries need to collect money from a variety of sources so they can redirect it where it can be used efficiently. The primary
Obviously financial intermediaries need to collect money from a variety of sources so they can redirect it where it can be used efficiently. The primary source of funds for a financial intermediary are known as its
A capital controls.
B assets.
C income.
D liabilities.
The financial intermediary with liabilities of shares and checkable deposits and assets that include consumer debt and long term mortgage loans is a
A insurance company.
B money market mutual fund.
C commercial bank.
D credit union.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started