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What is the cycle of money? Who participates in the cycle of money? What is the objective of a financial transaction? The cycle of money
What is the cycle of money? Who participates in the cycle of money? What is the objective of a financial transaction?
The cycle of money is: Select the best response.
A the movement of funds from your savings account to your checking account and back to your savings account.
B the movement of funds from a lender to a borrower and back to the lender.
C the movement of money from a borrower to a lender and back to the borrower.
D the movement of money from your checking account to the Internal Revenue Service and back to you in the form of a Social Security check.
The participants in the cycle of money are: Select all that apply.
A the original lender, usually an individual or household through direct investment or through a financial institution.
B the financial institution that matches the lender with a borrower or bundles up a set of lenders for a single borrower.
C the Federal Reserve which controls the money supply and provides money for business loans.
D a borrower such as a company that is using the funds for operating the business or expanding the business.
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