Question

Banks and other financial institutions of an economy are in the business of channeling funds from suppliers of financialcapital to users of financial capital.This process is known as ____________.
A.capital transformation.
B.financial integration
.C.financial intermediation.
D.direct finance

Answer 1

Answer:

C. financial intermediation.

Explanation:

The financial intermediary is a process in which the bank or other financial institutions provides a service of helping to save or borrow money.

A financial intermediary also helps in facilitating the diverse needs of lenders and borrowers

The funds are raised from people who wants to deposit the money.

Answer 2

Answer:

C. financial intermediation.