Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'financial service provider'?

A. functional entity either licensed to provide financial services to consumers and/or businesses or established by law to provide financial services, such as a central bank
B. any service provider that is licensed to perform a legally binding function and has been legally empowered to act on behalf of another party
C. any party that purchases goods or services for resale and acts on their own behalf in a transaction
D. organization owned by and operated for the benefit of those using its services

Answer: functional entity either licensed to provide financial services to consumers and/or businesses or established by law to provide financial services, such as a central bank