Savings and financial system(All solved)

Certificate of deposit correct answers a document showing that an interest-bearing loan has been made to a bank or other financial institution. financial assets correct answers claims on the property and the income of the borrower financial intermediaries correct answers institutions such as banks, credit unions, life insurance companies, pension funds, and finance companies that collect the funds that savers provide so that they can be loaned to borrowers. financial system correct answers a network of savers, investors, financial institutions, and financial assets that work together to transfer savings from savers to investors. credit union correct answers a network of savers, investors, financial institutions, and financial assets that work together to transfer savings from savers to investors. finance company correct answers is a firm that specializes in making loans directly to consumers. premium correct answers is the periodic fee that the insured pays for this policy. pension correct answers The fund then makes regular payments diversification correct answers means spreading your funds over a wide variety of investments so that losses on a particular one have a limited impact on the entire portfolio. risk correct answers is the degree to which the outcome is uncertain but a probable outcome can be estimated