Final answer:
A person in a position of trust and confidence is known as a fiduciary. Banks act as financial intermediaries, managing funds between depositors and borrowers without direct interaction between the parties.
Step-by-step explanation:
A person in a position of trust and confidence, such as between a principal and broker, is known as a fiduciary. This term reflects the relationship of trust and legal responsibility one party has to manage and protect the assets or interests of another. Banks often serve as financial intermediaries in this regard, operating between savers who deposit funds and borrowers who receive loans. Unlike a casual blind date arranged by an intermediary, where the two individuals meet directly, in the financial world depositors and borrowers typically do not meet. All deposited funds merge into a collective pool, which the bank then reallocates to various borrowers.