ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Which statement is incorrect related to financial intermediaries (institutions)?
a. They are firms that specialize in financial intermediation - a process of borrowing funds from SSUs and lending such funds to the DSUs.
b. The main objective of financial intermediaries is to convert savings from SSUs into investments.
c. They are the biggest investors in equity securities in the PSE
d. They offer the highest returns and lowest risks when compared to alternative investments available to SSUs.
e. none of the above
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