Answered

Explore IDNLearn.com's extensive Q&A database and find the answers you're looking for. Ask your questions and receive prompt, detailed answers from our experienced and knowledgeable community members.

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. One example is a commercial bank, which takes in demand deposits and then uses that money to make long-term mortgage loans. True False

Sagot :

Loeisenhardtj38idn

Answer:

True

Explanation:

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.