Question

At the broadest level, the financial system moves the economy’s scarce resources from a. the rich to the poor. b. financial institutions to business firms and government. c. households to financial institutions. d. savers to borrowers.

Answer 1

Answer:

d. Savers to borrowers.

Explanation:

The financial institutions work taking the money from people as savings paying them an interest rate for keeping it there and then they take this money and lend it to people that needs it at a higher interest rate generating income for their institutions with the money from the savers.