Question : What is the process by which allocation of funds is done?
Option 1: Financial management
Option 2: Financial system
Option 3: Financial intermediation
Option 4: Financial market
Answer (1)
20th Jan, 2024
Correct Answer: Financial intermediation
Solution : The process by which allocation of funds is done is called financial intermediation. Banks and financial markets are competitive intermediaries in the financial system and give households a choice of where they want to place their savings.
Hence, option C is correct.
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