Banks,credit companies,insurance companies,and other businesses that help finance transactions or insure against the risks associated with the buying and selling of goods and services are referred to as ________.

Question

Quizplus · Accepted Answer

Financial intermediaries are businesses that help finance and insure transactions related to the buying and selling of goods and services, such as banks, credit companies, insurance companies, and other financial institutions. They provide essential services that enable the smooth functioning of the economy by channeling funds between savers and borrowers and managing risk.

Banks,credit Companies,insurance Companies,and Other Businesses That Help Finance Transactions or Insure