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Flashcards in Chapter 1: questions Deck (4)
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what is the definition of finance

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


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


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



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

mutual funds