Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter6: Accounting Quality
Section: Chapter Questions
Problem 11QE
Related questions
Question
Which statement is incorrect related to financial intermediaries (institutions)? *
They are firms that specialize in financial intermediation - a process of borrowing funds from SSUs and lending such funds to the DSUs.
The main objective of financial intermediaries is to convert savings from SSUs into investments.
They are the biggest investors in equity securities in the PSE
They offer the highest returns and lowest risks when compared to alternative investments available to SSUs.
none of the above
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