Private financial intermediation generally represents an important annual source of funds supplied to credit markets.Which of the following intermediaries has failed to supply funds during one or more recent years?
A)commercial banks
B)thrift institutions
C)insurance and pension funds
D)other financial intermediaries

Question

Quizplus · Accepted Answer

Thrift institutions, such as savings and loan associations, experienced a significant failure rate during the savings and loan crisis in the late 1980s and early 1990s, resulting in a decrease in their ability to supply funds to credit markets during those years.

Private Financial Intermediation Generally Represents an Important Annual Source of Funds