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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?

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