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Author Question: In the lending/borrowing process, a financial intermediary function is to bear the risk that the ... (Read 117 times)

savannahhooper

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on: Jul 11, 2018
In the lending/borrowing process, a financial intermediary function is to bear the risk that the borrower will not repay.
 
  Indicate whether the statement is true or false.

Question 2

The basic function of financial intermediaries is to move advice from lenders to borrowers and back to lenders.
 
  Indicate whether the statement is true or false.


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chreslie

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: TRUE

Answer to Question 2

Answer: FALSE
Explanation: The basic function of financial intermediaries is to move MONEY from lenders to borrowers and back to lenders.


savannahhooper

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Reply #2 on: Jul 11, 2018
Thank you


chreslie

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Reply #3 on: Jul 11, 2018
No problemo


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