Financial Market
Financial Market
Financial Market
Lopez
Block B
Please Answer the following questions without copying from the internet.
4. What is considered the most important and significant financial intermediary in our
financial system?
The most important financial intermediaries are banks: banks convert deposits
into loans, thereby improving access to capital by functioning as a financial
intermediary between savers and borrowers. While perhaps the most well-known of
the financial intermediaries, within a wider community, banks serve only one
intermediary.