The ﬁnancial services industry enhances growth by acting as an intermediary between savers and borrowers.

Question

Quizplus · Accepted Answer

This statement is true. The financial services industry plays a vital role in the economy by connecting those who have excess funds, such as savers and investors, with those who need funds, such as businesses and individuals. This helps to support economic growth and development by enabling businesses and individuals to access the funding they need to invest, expand, and pursue new opportunities.

The ﬁNancial Services Industry Enhances Growth by Acting as an Intermediary