5-3 Three Primary Ways Capital Is Transferred Between Savers and Borrowers ■ Direct transfer Through an investment banking house Through a financial intermediary Copy right C 2002 by Harcourt, Inc. All rights reserved5 - 3 Copyright © 2002 by Harcourt, Inc. All rights reserved. ◼Direct transfer ◼Through an investment banking house ◼Through a financial intermediary Three Primary Ways Capital Is Transferred Between Savers and Borrowers