The most significant overall economic function of FIs is to
A)provide checking accounts.
B)strengthen the dollar.
C)simplify borrowing and lending resulting in the proper allocation of resources to capital.
D)provide services for government.

Question

Quizplus · Accepted Answer

FIs facilitate borrowing and lending by providing various financial intermediation services, such as allocating resources to capital, which helps to ensure that capital goes to where it is most needed in the economy. This process ultimately strengthens the overall economy.

The Most Significant Overall Economic Function of FIs Is to