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Which of the following illustrates the function of the financial market?(1 point)
Saved funds are transferred to lenders through the sale of newly-issued securities.
Saved funds are transferred to lenders via the issuing of bank loans.
Saved funds are transferred to borrowers via the sale of newly-issued securities.
Saved funds are transferred to borrowers via the issuing of bank loans.
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Saved funds are transferred to borrowers via the sale of newly-issued securities.
Explanation: Financial markets (capital markets) channel savings to borrowers by enabling the sale of newly issued stocks and bonds. Bank loans are a form of financial intermediation (banks), not direct market transactions.
Explanation: Financial markets (capital markets) channel savings to borrowers by enabling the sale of newly issued stocks and bonds. Bank loans are a form of financial intermediation (banks), not direct market transactions.
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