Financial intermediaries are institutions______.
A. that borrow funds from investors in productive facilities
B. that act as middlemen in transferring funds from ultimate lenders to ultimate borrowers
C. that lend funds to small savers
D. all of the above
【C4】_____
A. hold
B. held
C. that hold
D. that holding
Borrowers can gain access to the surplus funds of savers______.
A. by issuing securities to savers
B. through financial intermediaries
C. by purchasing securities such as stocks and bonds
D. all of the above
E. both A and B
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