Why bank is called financial intermediateries?

Answer 1

Bank is financial service provider.Ist time i will say who r deposited in bank? the answer is who has surplus of money.that unit is called SFU( surplus economic unit) and bank is kept that money ,when depositors money is more in bank,then after bank gives the loan deficts who has able to return of that money in the bank with interest.but suddendly if the depositors want to his or her money for need to bank,then bank gives the money with cutting the certain fixed interest rate.