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What is Understanding Banking and Financial Markets about?
Unit 5 discusses banking and finance. Banks act as financial intermediaries, transferring money from those with excess funds to save (depositors) to those needing funds (borrowers). Depositors earn interest on savings and borrowers can access loans. Banks benefit the economy by facilitating the flow of money or "capital" needed for production. Financial markets also intermediate funds, providing channels for savings to be allocated to investment through various financial instruments. Money markets deal in s
- Author
- Sosina Tilahun
- Language
- EN