Financial institutions and markets are the organized financial intermediaries and the forums that promote the cycle of money.

Question

Quizplus · Accepted Answer

Financial institutions such as banks, insurance companies, and investment firms serve as intermediaries between savers and borrowers, while financial markets such as stock exchanges and bond markets provide a platform for buying and selling securities. Together, they facilitate the flow of funds from those who have excess resources to those who need them for investment or consumption purposes.

Financial Institutions and Markets Are the Organized Financial Intermediaries and the Forums