The Basic Function of Financial Intermediaries Is to Move Advice

question 22

True/False

The basic function of financial intermediaries is to move advice from lenders to borrowers and back to lenders.

---

Definitions:

French Army

The land-based and largest component of the French Armed Forces, responsible for national defense and contribution to international security and military engagements.

Space Race

The period of cold war competition between the United States and the Soviet Union to achieve significant milestones in space exploration from the late 1950s to the early 1970s.

Soviet Union

A socialist state that existed from 1922 to 1991 in Eastern Europe and Northern Asia, composed of multiple republics, and led by the Russian Communist Party.