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Tju [1.3M]
3 years ago
7

Banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by

paying savers a smaller return than they demand from borrowers. Group of answer choices True False
Business
1 answer:
lesya692 [45]3 years ago
6 0

Answer: True

Explanation:

Financial intermediaries are the institutions they have been put in place like a building society, bank, or unit-trust company, which are charged with the responsibility of holding funds from the lenders so that loans will be made available to people that wants to borrow.

It should be noted that banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by paying savers a smaller return than they demand from borrowers. This earning is their charges for the service rendered.

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Concord Corporation reported net income of $177,200 for 2017. Concord Corporation also reported depreciation expense of $35,230
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Answer

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217,350 adjusted net income (a)

↑↓

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<u />

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<u />

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(b)

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Explanation:

t

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