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26
Finance, Saving,
and Investment
CHAPTER CHECKLIST
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Financial Institutions
A financial institution is a firm that operates on both
sides of the markets for financial capital: It borrows in
one market and lends in another.
The key financial institutions are :
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Investment banks
Commercial banks
Government-sponsored mortgage lenders
Pension funds
Insurance companies
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Equilibrium in the
Loanable Funds
Market
Figure 26.6 shows how
the real interest rate is
determined.
DLF is the demand for
loanable funds curve
SLF is the supply of
loanable funds curve
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2. If the supply of
loanable funds
increases, the real
interest rate falls.
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