Intermediaries that help the financial system operate efficiently and transfer funds from savers and investors to individuals, businesses, and governments that seek to spend or invest the funds are known as:
A. financial markets
B. financial institutions
C. securities markets
D. government organizations
Answer:B
Intermediaries that help the financial system operate efficiently and transfer funds from savers and investors to individuals, businesses, and governments that seek to spend or invest the funds are known as:
A. financial markets B. financial institutions C. securities markets D. government organizations