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Financial intermediaries A. channel funds from savers to borrowers. B. are institutions that are created to increase information and transactions costs for savers. C. are
Financial intermediaries A. channel funds from savers to borrowers. B. are institutions that are created to increase information and transactions costs for savers. C. are types of speculators. D. are institutions that are created to lend funds at the lowest interest rates Financial intermediaries are important to the financial system because they A. can reduce information costs. B. can reduce transactions costs. C. create a market for saving and lending. D. All of the above
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