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Author Question: In the lending/borrowing process, a financial intermediary function is to bear the risk that the ... (Read 118 times)

savannahhooper

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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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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.





 

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