At its most basic level,the function of financial intermediaries is to ________.
A)track and report interest rates
B)move money from lenders to borrowers and back again
C)report all financial transactions to the federal government
D)effect a transfer of wealth in society

Question

Quizplus · Accepted Answer

Financial intermediaries, such as banks and other financial institutions, act as intermediaries between lenders and borrowers, facilitating the movement of money from those who have it to those who need it. They also provide a variety of financial services such as loans, investment opportunities, and financial advice. Therefore, the function of financial intermediaries is to move money from lenders to borrowers and back again. Options A, C, and D are incorrect as they do not accurately describe the primary function of financial intermediaries.

At Its Most Basic Level,the Function of Financial Intermediaries Is