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What is Understanding Financial Institutions and Intermediaries about?
Financial institutions bridge the gap between surplus and deficit units by dealing with financial transactions like deposits, loans, investments, and currency exchange. They obtain funds from surplus units like investors and provide funds to deficit units like borrowers. There are various types of financial intermediaries including depository institutions like commercial banks that accept deposits, and non-depository institutions like insurance companies that obtain funds by issuing policies rather than acc
- Author
- Rhea Mae Sumalpong
- Language
- EN