Question 1 0.4 pts Banks and mutual funds are examples of financial intermediaries. True False Question 2 0.4 pts Are the following statements true or false? When entering transactions on the T-Account balance sheet, there will always be at least two entries for each transaction. [Select] Consider your personal balance sheet: your checking account balance is an example of a liability. [Select] In the T-Account, assets are recorded on the right side and liabilities are recorded on the left side. [Select] AT-Account is used to visually represent a person's assets and liabilities. [Select] Question 6 0.4 pts You earn $47,269 at your job and must pay 13% of your income in taxes. You then decide to save 10% of your disposable income. How much do you have left for consumption spending? Round to two decimal places. Question 7 0.4 pts financing. The sale of bonds to raise money is called The sale of stock to raise money is called __ financing debt: equity debt: debt O equity: equity O equity: debt