NAMA : MARINA CHRISTIANI MARPAUNG

NIM : 041676439

JURUSAN : ILMU ADMINISTRASI BISNIS

TUGAS II

Materi Tutorial ke-2 ini terdiri dari pemahaman dua terminologi ekonomi yaitu financial
intermediary  dan frictional unemployment. Untuk menjawab pertanyaan mengenai kdua istilah tersebut, Anda
harus membaca dan memahami dahulu teks mengenai kedua istilah itu. Jika anda belum memahami maka
ulangilah membaca hingga anda memahami isi teks dan jawablah pertanyaan pertanyaan yang telah tersedia. 

Text 1: Definition of Fnancial Intermediaries

A financial intermediary is a financial institution such as bank, building society, insurance company, and
investment bank or pension fund.

A financial intermediary offers a service to help an individual/ firm to save or borrow money. A financial
intermediary helps to facilitate the different needs of lenders and borrowers. For example, if you need to borrow
£1,000 – you could try to find an individual who wants to lend £1,000. But, this would be very time consuming
and you would find it difficult to know how reliable the lender was.

Therefore, rather than looking for individuals to borrow a sum, it is more efficient to go to a bank (a financial
intermediary) to borrow money. The bank raises funds from people looking to deposit money, and so can afford
to lend out to those individuals who need it.

Pettinger, T. (2017, November 26). Definition of Financial Intermediaries. Retrieved from economics

https://www.economicshelp.org/blog/6318/economics/functions-and-examples-of-financial-intermediaries/

Text II: What is Frictional Unemployment?

 With frictional unemployment taking place as people transition from one job to the next, it is mostly temporary.
Even though it is transient people prefer to avoid this often short period of unemployment, so much so they
search for a new job while working in their current one, and switch from one to the other seamlessly.
 Frictional unemployment is an indelible component of an economy. Additionally movement from one job to
another happens more often when the economy is healthy. It also provides several benefits to an economy as
companies can find employees that are a better fit for a job, and have the right type of qualifications.

While frictional unemployment is always present, it decreases sharply when the economy is in recession and the
amount of jobs available is minimal. Healthy economies that have low unemployment rates result in people
spending less amount of time without a job. They can therefore move to better paying jobs or those that are a
closer match to their skill set without going through a prolonged frictional unemployment phase.

 What is Frictional Unemployment? Retrieved from   https://www.globalbankingandfinance.com/what-is-

frictional-unemployment/

1. What is the role of a financial intermediary?

A. It facilitates the different needs of lenders and borrowers.

B. It lends moneys to individuals.

C. It connects lenders and lenders.

D. It helps people to have their property insured.

Answer : A

2. What is the disadvantage of borrowing money from an individual as mentioned in the text?

A. Long term commitment

B. High interest

C. Time consuming

D. Complicated

Answer : D

3. How do banks as a financial intermediary raise funds?

A. From trade development

B. From customers’ money deposits

C. From investment promotion 

D. From huge asset

Answer : B

4. What is the main idea of the second paragraph of text II?

A. The significance of frictional unemployment.

B. The reason why frictional unemployment is a bad thing.

C. The companies’ impact on unemployment

D. The reason why unemployment happens

Answer : C

5. When does frictional unemployment often occur?

A. Once every two years

B. During the retirement period

C. After one graduates from college

D. During a healthy economic state

Answer : D

6. What can companies benefit from frictional unemployment?

A. Lower taxes

B. Decreasing the risk of going out of business

C. Lowering the number of job vacancy.

D. Getting employees who have the right type of qualifications.

Answer : D