Multiple Choice
A financial intermediary specializes in knowing about people who apply for loans.The intermediary knows how to evaluate credit histories and the probabilities that borrowers will repay.These facts are examples of which of the following functions of financial intermediaries?
A) Gathering information
B) Helping savers diversify
C) Pooling funds
D) Taking short-term deposits in order to make long-term loans
Correct Answer:
Verified
Correct Answer:
Verified
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