Which statement is the most accurate?A) Banks are not financial intermediaries.B) Banks are the only financial intermediaries.C) Banks are the most important financial intermediaries.D) Banks are among the least important financial intermediaries.

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David Littleford · Accepted Answer

Final Answer : C, Explanation :  Banks play a crucial role as financial intermediaries by mobilizing deposits from savers and channeling them to borrowers in the form of loans. They provide a range of financial services, such as accepting deposits, issuing loans, facilitating payments, and investing in securities. While there are other types of financial intermediaries, such as insurance companies, pension funds, and mutual funds, banks are generally considered to be the most important due to their size, scope of operations, and systemic significance.

Which statement is the most accurate?

A) Banks are not financial intermediaries.
B) Banks are the only financial intermediaries.
C) Banks are the most important financial intermediaries.
D) Banks are among the least important financial intermediaries.

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