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:

Tripping

The act of stumbling or falling caused by catching one's foot on something.

Bumping

A process in workforce management where more senior employees displace less senior ones from their positions, often in situations of layoffs or reductions in force.

Geriatric

Pertaining to the health care of elderly people, focusing on the diagnosis, treatment, and prevention of diseases in older adults.