Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Explain the following in your own words: (a) Why is the financial sector important to the macroeconomy? (b) What role do financial intermediaries play in
Explain the following in your own words: (a) Why is the financial sector important to the macroeconomy? (b) What role do financial intermediaries play in the financial market and how do they reduce risk? (c) How do they facilitate the movement of funds from the savers in our economy to the investors? (d) How do the savers and investors both benefit from the actions of the financial intermediaries? (e) When firms need money to pay for resources or to expand production, they can go to the loanable funds market via two avenues. Briefly explain these two avenues
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started