The term "financial intermediaries" refers to
A)commercial banks only.
B)credit unions only.
C)savings and loan associations only.
D)both commercial banks,credit unions,and trust companies.

Question

Quizplus · Accepted Answer

Financial intermediaries refer to institutions that act as a middleman between savers and borrowers. Commercial banks, credit unions, and trust companies are all examples of financial intermediaries, as they collect deposits from savers and lend or invest those funds to borrowers. Savings and loan associations may also be considered financial intermediaries, but they are less commonly used in modern banking systems. Therefore, choice D is the best answer.

The Term "Financial Intermediaries" Refers to