Asked by
Moody’s Channel
on Dec 17, 2024
Verified
Two of the economy's most important financial intermediaries are
A) suppliers of funds and demanders of funds.
B) banks and the bond market.
C) the stock market and the bond market.
D) banks and mutual funds.
Financial Intermediaries
Entities such as banks and credit unions that serve as middlemen in financial transactions, facilitating funds' flow between savers and borrowers.
- Identify the role and functions of financial intermediaries in the economy.
Verified Answer
BT
Learning Objectives
- Identify the role and functions of financial intermediaries in the economy.
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