The services such as commercial trade transactions and positions in financial investments provided by financial institutions are classified as ____________?
Correct answer: C. agent services
- A. trade services
- B. investment services
- C. agent services
- D. commercial services
Explanation
When a financial institution facilitates commercial transactions or manages investment positions on behalf of clients, it is performing an agency function. These activities are therefore classified as agent services.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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