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What would be the major product of the following reaction sequence?
Financial Intermediaries
Entities such as banks, insurance companies, and investment firms that facilitate transactions between savers and borrowers by channeling funds from those who save to those who need to borrow.
Commercial Banks
Financial institutions that accept deposits from the public, offer various savings products, and provide loans including personal, mortgage, and business loans.
Insurance Companies
Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.
Money Market Security
Short-term financial instruments, typically debt-based, that are highly liquid and considered to have low risk.
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