- 1 Marks
BMF – Nov 2020 – L1 – SA – Q15 – Basics of Business Finance and Financial Markets
Identify why banks are considered important financial intermediaries.
Question
Banks are important financial intermediaries because they:
A. Create new debt
B. Are the only source of debt finance
C. Are the only source of long-term finance
D. Operate between investors and borrowers
E. Take deposits from all their customers
Find Related Questions by Tags, levels, etc.
- Tags: Banking, Financial Intermediaries, Investment
- Level: Level 1
- Topic: Basics of Business Finance and Financial Markets
- Series: NOV 2020
