Question

A financial intermediary that provides liquid financial assets in the form of deposits to lenders and uses their funds to finance the illiquid investment spending needs of borrowers is called a a. mutual fund. b. bank. c. corporation. d. pension fund. e. life insurance company.

Answer 1

b. bank

Step-by-step explanation:

A bank is a financial establishment authorized by the goverment to receive deposits, make loans and act as an intermediary in finantial transactions, they can also provide financial services to their costumers like currency exchange or safe deposit boxes.

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