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Multiple Choice
In a typical market, consumers usually deal directly with which of the following?
A
Central banks
B
Firms that supply goods and services
C
International organizations
D
Government agencies
Verified step by step guidance
1
Understand the roles of each entity in the market: Central banks, firms, international organizations, and government agencies all have different functions.
Recall that consumers purchase goods and services to satisfy their needs and wants, which are provided by firms in the market.
Recognize that central banks primarily manage monetary policy and do not directly sell goods or services to consumers.
Note that international organizations and government agencies may regulate or influence markets but typically do not engage in direct transactions with consumers for everyday goods and services.
Conclude that consumers usually deal directly with firms that supply goods and services when participating in a typical market.