Commercial banks and brokerage firms are examples of: A. nonprofit organizations. B. legislative groups. O C. financial intermediaries. O D. insurance institutions.

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Question
Commercial banks and brokerage firms are examples of:
A. nonprofit organizations.
B. legislative groups.
O C. financial intermediaries.
O D. insurance institutions.
Answer

C. financial intermediaries.

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Financial intermediaries are institutions that act as a middleman between savers and borrowers. They accept deposits from savers and use those funds to make...
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