Financial Intermediation and Financial Markets
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Financial intermediation is the process of transferring sums of money from economic agents with surplus funds to economic agents that would like to utilize those funds. The key to understanding the process and the range of financial instruments available lies in recognizing that economic agents are a heterogeneous bunch having very different financial positions, investment, business and financial needs. For this reason, there are a wide range of financial intermediaries and financial instruments servicing these needs.
KeywordsFinancial Market Economic Agent Financial Asset Maturity Transformation Financial Intermediary
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