Question

Banks and credit unions serve as:

O intermediary between savers and borrowers
O Influence the inflation rate
Creators of financial products
A marketplace where people can buy and sell stock

Answer 1

intermediary between savers and borrowers

Step-by-step explanation:

Banks and credit unions are types of financial institutions that accept deposits and issue loans to customers and members. By accepting deposits, these institutions accumulate huge amounts of money in their custody. They use this money to issues loans for other customers.

Banks and credit unions make profits from interest charged on loan issued. They accept deposits are lower rates and issues loans at a higher interest rate. These institutions act as intermediaries for collecting resources for businesses and individuals to borrow.