Financial markets are intermediaries that channel the savings of individual, businesses, and governments into loans or investments.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter17: The Management Of Cash And Marketable Securities
Section: Chapter Questions
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6.    Financial markets are intermediaries that channel the savings of individual, businesses, and governments into loans or investments.

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