__________________ is the process by which individual savings are accumulated in depository institutions and, in turn, lent or invested.

Question

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Financial intermediation is the process by which individuals deposit their savings in depository institutions such as banks, credit unions, and savings and loans associations. These financial institutions then lend or invest those deposits to businesses and individuals who need capital for various purposes. Financial intermediation allows for efficient allocation of resources and helps to facilitate economic growth.

__________________ Is the Process by Which Individual Savings Are Accumulated