_______________ is the process by which individual savings are accumulated in depository institutions and, in turn, lent or invested.
a. Investing
b. Financial intermediation
c. The multiplier effect
d. Lending
e. none of the above
Ans: b. Financial intermediation
Business
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Which of the following is seen to be a consequence of the expansion of the EU from 15 nations to 28 nations?
a) delays in decision-making processes b) elimination of the sovereign debt crisis c) euro becoming the most traded currency in the world d) huge initial impact on the overall economic welfare
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A deductible is property or a risk that is not covered by an insurance policy
Indicate whether the statement is true or false
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