Institutions that channel funds from people who have them to people who want them are called:
A) financial intermediaries.
B) corporations.
C) central banks.
D) government agencies.

Question

Quizplus · Accepted Answer

Financial intermediaries, such as banks and investment firms, fulfill the role of channeling funds from savers or investors to borrowers or those who need funding. This process helps to bridge the gap between those who have funds available and those who need them, which is crucial for economic growth and development.

Institutions That Channel Funds from People Who Have Them to People