define intermediationthe monetary system makes it


Define intermediation.

The monetary system makes it possible for deficit and surplus economic units to come together exchanging funds for securities to their mutual benefit. When funds flow from excess economic units to a deficit economic unit to a financial institution the process is known as intermediation. The financial institution takes action as an intermediary between the two economic units.

 

Request for Solution File

Ask an Expert for Answer!!
Financial Management: define intermediationthe monetary system makes it
Reference No:- TGS0305838

Expected delivery within 24 Hours