Financial institutions act as intermediaries between savers,who supply funds,and borrowers,who seek funds to invest.

Name: Financial institutions act as intermediaries between savers,who supply funds,and borrowers,who seek funds to invest.
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Question

Quizplus · Accepted Answer

This statement is true. Financial institutions such as banks, credit unions, and investment firms play a crucial role in the allocation of funds in the economy by connecting savers to borrowers through various financial products and services.

Financial Institutions Act as Intermediaries Between Savers,who Supply Funds,and Borrowers,who