Banking involves the exchange of money between savers and borrowers,as well as the exchange of assets from borrowers to savers.

Question

Quizplus · Accepted Answer

This statement is true. Banking services primarily involve facilitating the exchange of money between savers (who deposit their money in banks) and borrowers (who take out loans from banks). Additionally, banks also facilitate the exchange of assets such as stocks, bonds, and other securities between savers and borrowers.

Banking Involves the Exchange of Money Between Savers and Borrowers,as