Which of the following are financial intermediaries?
A)both banks and mutual funds
B)banks but not mutual funds
C)mutual funds but not banks
D)neither banks or mutual funds

Question

Quizplus · Accepted Answer

Both banks and mutual funds are financial intermediaries, as they both facilitate the flow of funds between savers and borrowers. Banks take deposits from savers and use them to make loans to borrowers, while mutual funds pool money from many investors to buy a portfolio of securities.

Which of the Following Are Financial Intermediaries