What are financial intermediaries?
A)They accept money for deposits and then lend the money for a profit.
B)They provide a place to discuss money.
C)They provide a place to think about and consider investments.
D)Wall Street firms

Question

Quizplus · Accepted Answer

Financial intermediaries accept deposits from savers in exchange for a promised return (interest) and then lend that money to borrowers at a higher interest rate to make a profit. Examples of financial intermediaries include banks, credit unions, and other financial institutions.

What Are Financial Intermediaries