Why are financial intermediaries important to the financial system? A. Without them firms would not have access
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Question:
Why are financial intermediaries important to the financial system?
A. Without them firms would not have access to capital.
B. They facilitate direct access between savers and borrowers.
C. They offer a level of insurance to small investors, guaranteeing their investments.
D. They reduce transaction and information costs that often drive a wedge between savers and borrowers.
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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