What is the role of banks as financial intermediaries? a) Savers go directly to the banks for funds. b) Banks issue bonds to finance their daily operations. c) Borrowers go directly to savers for funds. d) Savers deposit their funds into banks; banks extend loans to borrowers. e) Borrowers deposit their funds into banks; banks extend loans to savers. What is the role of banks as financial intermediaries? a) Savers go directly to the banks for funds. b) Banks issue bonds to finance their daily operations. c) Borrowers go directly to savers for funds. d) Savers deposit their funds into banks; banks extend loans to borrowers. e) Borrowers deposit their funds into banks; banks extend loans to savers..
What is the role of banks as financial intermediaries? a) Savers go directly to the banks for funds. b) Banks issue bonds to finance their daily operations. c) Borrowers go directly to savers for funds. d) Savers deposit their funds into banks; banks extend loans to borrowers. e) Borrowers deposit their funds into banks; banks extend loans to savers. What is the role of banks as financial intermediaries? a) Savers go directly to the banks for funds. b) Banks issue bonds to finance their daily operations. c) Borrowers go directly to savers for funds. d) Savers deposit their funds into banks; banks extend loans to borrowers. e) Borrowers deposit their funds into banks; banks extend loans to savers..
Chapter14: Banking And The Money Supply
Section: Chapter Questions
Problem 2.2P
Related questions
Question
Transcribed Image Text:What is the role of banks as financial
intermediaries? a) Savers go directly to
the banks for funds. b) Banks issue bonds
to finance their daily operations. c)
Borrowers go directly to savers for funds.
d) Savers deposit their funds into banks;
banks extend loans to borrowers. e)
Borrowers deposit their funds into banks;
banks extend loans to savers.
What is the role of banks as financial intermediaries?
a) Savers go directly to the banks for funds.
b) Banks issue bonds to finance their daily operations.
c) Borrowers go directly to savers for funds.
d) Savers deposit their funds into banks; banks extend loans to borrowers.
e) Borrowers deposit their funds into banks; banks extend loans to savers..
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