Question: Part II. Multiple Choice. Directions: Encircle the correct answer. 6. A is one financial intermediary handling individual savings. It re-ceives premium payments that are placed

Part II. Multiple Choice. Directions: Encircle the correct answer. 6. A is one financial intermediary handling individual savings. It re-ceives premium payments that are placed in loans or investments to accu-mulate funds to cover future benefits. A. life insurance company C. savings bank B. commercial bank D. credit union 7. The key participants in financial transactions are individuals, businesses, and governments. Individuals are net of funds, and businesses are net of funds. C. users; suppliers A. suppliers; users D. users; providers B. purchasers; sellers 8. Which of the following is not a financial institution? A. A pension fund C. A commercial bank B. A newspaper publisher D. An insurance company 9. A is set up so that employees of corporations or governments can receive income after retirement. A. life insurance company C. savings bank B. pension fund D. credit union 10. A is a type of financial intermediary that pools savings of individu-als and makes them available to business and government users. Funds are obtained through the sale of shares. A. mutual fund C. savings bank B. savings and loans D. credit union

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