Institutions that channel funds from people who have them to people who want them are called:
A) financial intermediaries.
B) corporations.
C) the Federal Reserve.
D) governmental agency.

Question

Quizplus · Accepted Answer

Financial intermediaries, such as banks and investment firms, act as middlemen between savers (people who have funds) and borrowers (people who want funds). They facilitate the transfer of funds from savers to borrowers while also providing other services such as lending, accepting deposits, and managing investments.

Institutions That Channel Funds from People Who Have Them to People