MGTA02H3 Lecture Notes - Air Canada

7 views3 pages
27 Mar 2012
School
Course
Professor
MGTA04
March 26th 2012
Chapter 10
Financial Intermediaries
Finance
World divided into two:
1) People with $$....No immediate needs and plans
2) People with needs and plans....No $$$
Financial Intermediaries
-Purpose of financial intermediaries: introduce one group to other
-People with $$ ---->> People with needs and plans
-No immediate needs and plans --->>> No $$$
Banks
Collect from:
people with money but no immediate plans (savers or depositors)
Lend to:
people with plans and ideas - but no money (borrowers)
Unlock document

This preview shows page 1 of the document.
Unlock all 3 pages and 3 million more documents.

Already have an account? Log in

Get OneClass Notes+

Unlimited access to class notes and textbook notes.

YearlyBest Value
75% OFF
$8 USD/m
Monthly
$30 USD/m
You will be charged $96 USD upfront and auto renewed at the end of each cycle. You may cancel anytime under Payment Settings. For more information, see our Terms and Privacy.
Payments are encrypted using 256-bit SSL. Powered by Stripe.