Financial institutions move money from Question 29Select one:a.sellers to buyersb.buyers to sellersc.savers to borrowersd.borrowers to savers
Question
Financial institutions move money from Question 29Select one:a.sellers to buyersb.buyers to sellersc.savers to borrowersd.borrowers to savers
Solution
The correct answer is c. Financial institutions move money from savers to borrowers.
Here's a step-by-step explanation:
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Savers deposit their money in financial institutions. These can be banks, credit unions, or other types of financial entities.
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These institutions then lend out this money to borrowers. Borrowers can be individuals, businesses, or even governments.
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The borrowers use this money for various purposes - to buy a house, start a business, fund a project, etc.
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The borrowers then repay the loan to the financial institution, often with interest.
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This interest is then partly given back to the savers as a return on their deposits.
So, in essence, financial
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