The Existence of Financial Intermediaries Greatly Increases the Efficiency of Financial

question 12

True/False

The existence of financial intermediaries greatly increases the efficiency of financial markets because, without them, savers would have to provide funds directly to borrowers, which would be a costlier process. 

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Definitions:

Trade Restrictions

Trade restrictions are government-imposed limitations on the international exchange of goods and services, such as tariffs, quotas, embargoes, or standards.

Import Tariff

A tax levied by a nation on goods imported into the country.

Balance of Trade

The difference in value between a country's imports and exports over a certain period, indicating its trading position with the rest of the world.