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Institutions serving as links between surplus and deficit units can be identified as

Economics
JAMB 2023

Institutions serving as links between surplus and deficit units can be identified as

  • A. tax officers
  • B. pension offices
  • C. financial intermediates
  • D. acceptance houses
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Correct Answer: Option C
Explanation

A financial intermediary is typically an institution that facilitates the channeling of funds between lenders and borrowers indirectly.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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