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3 June, 15:30

Banks and other financial institutions provide the link between savers and economic investors in the macroeconomy. TRUE or FALSE

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  1. 3 June, 15:45
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    True

    Explanation: The financial institution refers to all business organisation which hold money for individual and institutions and they also give loans individuals. Banks serves as financial intermediaries between lender and borrower and they represent the main channel or medium by which funds can flow from lenders to borrowers.
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