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Flashcards in Chapter 1: questions Deck (4)
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1

what is the definition of finance

finance is the study of how and under what terms savings(money) are allocated between lenders and borrowers

2

you have hired someone to purchase 100 shares of a technology firm for your portfolio. the person you have hired is acting as a

market intermediary

3

In the financial system who are the primary fund providers to the government and business

households

4

What financial intermediary does not transform the nature of the underlying financial securities

mutual funds