Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Why are financial intermediaries important to the financial system? Group of answer choices They facilitate direct access between savers and borrowers. They offer a level
Why are financial intermediaries important to the financial system?
Group of answer choices
They facilitate direct access between savers and borrowers.
They offer a level of insurance to small investors, guaranteeing their investments.
Without them firms would not have access to capital.
They reduce transaction and information costs that often drive a wedge between savers and borrowers.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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