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Business, 19.09.2019 22:20 PompousCoyote

Economists group commercial banks, savings and loan associations, credit unions, mutual funds, mutual savings banks, insurance companies, pension funds, and finance companies together under the heading financial intermediaries. what function do financial intermediaries perform? (a) act as middlemen, borrowing funds from those who have saved and lending these funds to others. (b) produce nothing of value and are therefore a drain on society’s resources. (c) promote a more efficient and dynamic economy. (d) do all of the above. (e) do only (a) and (c) of the above.

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