Define Financial Intermediaries and Explain the Importance of Financial Intermediaries

question 24

Essay

Define financial intermediaries and explain the importance of financial intermediaries in the economy.

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Definitions:

Transparency

The practice of being open, honest, and straightforward about various activities, ensuring accessibility and clarity of information for stakeholders.

Cost-Benefit Analysis

An evaluation process that compares the costs and benefits of a decision or project to determine its feasibility or worth.

Fund-Raising Event

A specific occasion or activity designed to generate financial support for a cause, organization, or particular project, often involving community participation.

Logic Model Study

An analytical process used to plan, evaluate, and communicate the effectiveness of programs, representing the logical relationship between resources, activities, outputs, and outcomes.