Answer:
intermediary between savers and borrowers
Explanation:
Banks and credit unions are types of financial institutions that accept deposits and issue loans to customers and members. By accepting deposits, these institutions accumulate huge amounts of money in their custody. They use this money to issues loans for other customers.
Banks and credit unions make profits from interest charged on loan issued. They accept deposits are lower rates and issues loans at a higher interest rate. These institutions act as intermediaries for collecting resources for businesses and individuals to borrow.
