Chapter 1: questions Flashcards
1
Q
what is the definition of finance
A
finance is the study of how and under what terms savings(money) are allocated between lenders and borrowers
2
Q
you have hired someone to purchase 100 shares of a technology firm for your portfolio. the person you have hired is acting as a
A
market intermediary
3
Q
In the financial system who are the primary fund providers to the government and business
A
households
4
Q
What financial intermediary does not transform the nature of the underlying financial securities
A
mutual funds
