(i) banks are financial intermediaries that accept deposits and make loans.
(ii) the term "banks" includes firms such as commercial banks, savings and loan associations, mutual savings banks, credit unions, insurance companies, and pension funds.

a) (i) is true, (ii) false.
b) (i) is false, (ii) true.
c) both are true.
d) both are false.

A) (I) is true, (II) false.

Explanation:

Banks are financial intermediaries that accept deposits and make loans.

However the term "banks" does not regularly include firms such as credit unions, insurance companies, and pension funds.; because credit unions are not-for-profit organisations and insurance companies are a non-bank financial institution that provides its customers risk protection depending on the level of policy they have sold to such customers. Pension funds are more like deposits made against retirement.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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