Banks are referred to as intermediaries because they
A) are part of the money supply process.
B) earn a profit.
C) charge interest on a loan.
D) channel funds from depositors to borrowers.
E) provide a way for people to save their money.
Correct Answer:
Verified
Q44: One of the main reasons the U.S.
Q45: If a country's currency is on a
Q46: For a bank to make a profit,
Q47: The Federal Reserve
A)controls the supply of money
Q48: The central bank of the United States
Q50: Is money the same as income? Explain.
Q51: The money supply is the sum of
Q52: Financial intermediaries exist primarily because
A)they are part
Q53: Which of the following is true?
A)None of
Q54: The chair of the Board of Governors
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