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lukranit [14]
4 years ago
12

Financial institutions are organizations that act as intermediaries for borrowers and ____.

Business
1 answer:
Crazy boy [7]4 years ago
4 0
The act as <span>intermediaries for borrowers and lenders.

Let's take bank for example.
People who had excess money for saving will put their money on the bank because it considerably saver compared to keeping it laying around in the house. 
People who need some money  will come to the bank to ask for loan. The money that loaned by the bank is actually the allocation from the money that bank get from people's saving.</span>
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