Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Why are financial intermediaries important to the financial system? a- They facilitate direct access between savers and borrowers. b- They offer a level of insurance
Why are financial intermediaries important to the financial system?
a- They facilitate direct access between savers and borrowers.
b- They offer a level of insurance to small investors, guaranteeing their investments.
c- Without them firms would not have access to capital.
d- They reduce transaction and information costs that often drive a wedge between savers and borrowers.
Which one would it be?
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