BANKING AFFAIRS

Detailed explanation-1: -Thus, banks act as financial intermediaries-they bring savers and borrowers together. An intermediary is one who stands between two other parties. Banks are a financial intermediary-that is, an institution that operates between a saver who deposits money in a bank and a borrower who receives a loan from that bank.

Detailed explanation-2: -To a large extent, they are in charge of granting credit resources and determining the conditions for financing. That is why the policies that banks adopt in this area are extremely important when it comes to the transition from a linear to a circular model of the economy.

Detailed explanation-3: -A bank is a financial intermediary that is licensed to accept deposits from the public and create credit products for borrowers.

Detailed explanation-4: -A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction, such as a commercial bank, investment bank, mutual fund, or pension fund.