In addition to
A)performing financial intermediation,banks are important in that they help create a medium of exchange.
B)serving as financial markets,mutual funds are important in that they help create a store of value.
C)serving as stores of value,stocks and bonds also serve as media of exchange.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Banks play a crucial role in the economy by not only performing financial intermediation but also by helping to create a medium of exchange through the provision of checking accounts and other payment services.

In Addition to