Financial intermediaries

2020-03-03 21:45:24

The global financial market is serviced by financial intermediaries, that is, organizations that accept money for storage for a certain percentage or collect it for other reasons, lending them for a higher percentage to those individuals and legal entities who need investment resources, as well as paying insurance policies and pensions. The emergence of financial intermediaries is a long process. Currently, they provide stable financing of economic and social needs, save money resources and accelerate the development of production.