intermediation s CORRECT
the transferring of funds between two economic units, individuals, firms, institutions, or governments which involves an intermediary that, in the process, issues a claim on itself. Banks are involved in financial intermediation by raising funds through deposits - a claim on themselves.
The statistics shall cover all economic activities defined in sections C (Mining and quarrying), D (Manufacturing), E (Electricity, gas and water supply), F (Construction), G (Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods), H (Hotels and restaurants), I (Transport, storage and communications), J (Financial intermediation), K (Real estate, renting and business activities), M (Education), N (Health and social work) and section O (Other community, social and personal service activities) of the general industrial classification of economic activities in the European Community, hereinafter referred to as 'NACE Rev. 1` established by Regulation (EEC) No 3037/90 of 9 October 1990 on the statistical classification of economic activities in the European Community (6).
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