The largest group of financial intermediaries is
A)money market mutual funds.
B)insurance companies.
C)depository institutions.
D)finance companies.

Question

Quizplus · Accepted Answer

Depository institutions, such as banks and credit unions, make up the largest group of financial intermediaries. They collect deposits from individuals and businesses, and then lend those funds out to borrowers in the form of loans and mortgages. This process helps to channel funds from savers to borrowers, promoting economic growth and financial stability. Money market mutual funds, insurance companies, and finance companies are also important financial intermediaries, but they are not as numerous or widespread as depository institutions.

The Largest Group of Financial Intermediaries Is