Financial intermediation refers to a process whereby
A) financial institutions accept deposits and then lend those deposits .
B) racketeering is taking place.
C) fiduciary clearing.is done at the central clearing house.
D) a double coincidence of wants must occur.
Correct Answer:
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A)commercial banks
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A)chequing accounts.
B)Eurodollar deposits.
C)funds deposited
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