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Nathan Ulrich
on Oct 20, 2024

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________ are examples of financial intermediaries.

A) Commercial banks
B) Insurance companies
C) Investment companies
D) All of the options

Financial Intermediaries

Entities such as banks, insurance companies, and investment firms that facilitate transactions between savers and borrowers by channeling funds from those who save to those who need to borrow.

Commercial Banks

Financial institutions that accept deposits from the public, offer various savings products, and provide loans including personal, mortgage, and business loans.

Insurance Companies

Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.

  • Recognize the role of financial intermediaries in the economy.
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Mykaela DelossantosOct 24, 2024
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