5. A financial intermediary that provides liquid financial assets in the form of deposits to lenders and

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5. A financial intermediary that provides liquid financial assets in the form of deposits to lenders and uses their funds to finance the illiquid investment spending needs of borrowers is called a

a. mutual fund.

b. bank.

c. corporation.

d. pension fund.

e. life insurance company.

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Krugmans Economics For Ap

ISBN: 9781429218276

2nd Edition

Authors: Margaret Ray, David A. Anderson

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