2. The transfer of capital between savers and lenders It is generally recognized that the spending habits of individuals change over their lives. In general, young adults tend to spend than they earn, while older adults tend to spend To accommodate their spending habits, young adults tend to rely on funds raised from Retired adults, in contrast, tend to rely on to cover the frequent shortage between their current expenditures and their current incomes Identity which fund transfer process each scenario best represents. Indirect Transfer through an Investment Banking House Indirect Transfer through a Financial Intermediary Direct Transfer Scenario Andrew is in the process of starting a new business, Wellington Industries. He is borrowing money from his family, relatives, and friends to raise the firm's initial operating income. Darnell runs a digital printing company and is looking to acquire a company that specializes in personalized marketing products, Darnell hires a boutique investment bank to scout for a target them for a potential acquisition and manage the funds for the transactions in the acquisition Beth purchase shares in a mutual fund that invests in technology companies True or False: The existence of financial middlemen and financial intermediaries increases the efficiency of the financial markets True False