In this example, where the bank safeguards Josie's deposits, lends some amount to Juan, and receives interest, and then appropriates some of it to Josie, the bank acts as a financial intermediary.
A financial intermediary facilitates financial transactions by taking deposits from the surplus unit and lending to the deficit sector of the economy.
The bank profits from its financial inter-mediation by charging fees and interests to its customers.
Thus, in this example, the bank is a financial intermediary.
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