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Mutual funds are financial institutions that lend the funds that savers provide to borrowers true or false
Mutual funds are financial institutions that lend the funds that savers provide to borrowers. This is FALSE. The correct term is financial intermediary.
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User: Mutual funds are financial institutions that lend the funds that savers provide to borrowers true or false





Weegy: Mutual funds are financial institutions that lend the funds that savers provide to borrowers. This is FALSE. The correct term is financial intermediary.
Expert answered|andrewpallarca|Points 26272|

User: Saving is necessary for a. a traditional economy. c. financial assets. b. a command economy. d. capital formation.

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Asked 10/11/2013 11:05:55 AM
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List the types of financial institutionsList the types of financial institutions
Weegy: Introduction - Types Of Financial Institutions And Their Roles A financial institution is an establishment that conducts financial transactions such as investments, loans and deposits. [ Almost everyone deals with financial institutions on a regular basis. Everything from depositing money to taking out loans and exchanging currencies must be done through financial institutions. Here is an overview of some of the major categories of financial institutions and their roles in the financial system. Commercial Banks Commercial banks accept deposits and provide security and convenience to their customers. Part of the original purpose of banks was to offer customers safe keeping for their money. By keeping physical cash at home or in a wallet, there are risks of loss due to theft and accidents, not to mention the loss of possible income from interest. With banks, consumers no longer need to keep large amounts of currency on hand; transactions can be handled with checks, debit cards or credit cards, instead. Commercial banks also make loans that individuals and businesses use to buy goods or expand business operations, which in turn leads to more deposited funds that make their way to banks. If banks can lend money at a higher interest rate than they have to pay for funds and operating costs, they make money. Banks also serve often under-appreciated roles as payment agents within a country and between nations. Not only do banks issue debit cards that allow account holders to pay for goods with the swipe of a card, they can also arrange wire transfers with other institutions. Banks essentially underwrite financial transactions by lending their reputation and credibility to the transaction; a check is basically just a promissory note between two people, but without a bank's name and information on that note, no merchant would accept it. As payment agents, banks make commercial transactions much more convenient; it is not necessary to carry around large amounts of ... (More)
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Asked 10/11/2013 9:31:09 AM
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The narrowest definition of money, called the _______ definition, includes only the public's holdings of coin, currency, travelers' checks, and deposits against which checks can be written. a. stock c. M-1 b. flow d. M-10
Weegy: The narrowest definition of money, called the M-1 definition, includes only the public's holdings of coin, currency, travelers' checks, and deposits against which checks can be written. [ Thank you ] (More)
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Updated 330 days ago|9/2/2014 1:52:21 AM
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