Final answer:
A bank is a financial intermediary with liabilities like chequable and time deposits, and assets such as home mortgages and business loans.
Step-by-step explanation:
The financial intermediary with liabilities of chequable deposits and other time deposits and assets including home mortgages and business loans is a bank. A financial intermediary such as a bank serves an important role in the financial system by accepting deposits from savers and then using those funds to make loans to borrowers. Banks, as financial intermediaries, manage the money deposited by savers by pooling these funds together and providing loans to individuals, businesses, and other entities. Through their activities, banks aim to lend to creditworthy businesses with a good chance of repaying their debts, thereby ensuring the security of the deposits they hold.