Savings are transferred to businesses for investment through a) banks and financial institutions b) the federal government c) major corporations d) consumer purchases e) state and local governments

Savings are transferred to businesses for investment through banks and financial institutions.

Option A

Explanation:

Banks and Financial institutions are encouraged to monitor the employment status of their clients and other business transactions, including the compliance of their financial activities with their business activities, and to report suspicious client activities, subject to the principles of customer and bank secrecy.

Transfers can be made from a combined US bank check, savings account, money market, credit card, debit card or business line to a connected payment or savings account. So the financial institutions and the banking sectors are recommended for transfer savings to businesses for the purpose of investment.

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