Explain why financial intermediaries are necessary to facilitate the movement of funds from savers to investors and how they provide benefits to both groups.
What will be an ideal response?
Question 2
Which of the following accept deposits from or sell shares to the general public?
i. money market funds
ii. thrift institutions
iii. commercial banks
A) i only
B) ii only
C) iii only
D) Both ii and iii
E) i, ii, and iii