What are the reasons for the existence of financial intermediaries? Why do the ultimate lenders usually not

Question:

What are the reasons for the existence of financial intermediaries? Why do the ultimate lenders usually not lend directly to the ultimate borrowers?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

Question Posted: