What is the term for platforms that facilitate the exchange of funds between lenders and borrowers?

The correct answer is the term "Financial Markets." Financial markets serve as platforms where individuals, businesses, and institutions can buy, sell, or exchange financial assets, making it easier for lenders to connect with borrowers. These markets encompass various types, including stock markets, bond markets, and money markets, all allowing for the flow of funds between those who have excess capital (lenders) and those seeking capital (borrowers).

In the context of the other choices, financial institutions refer to organizations like banks and credit unions that provide financial services, but they are not the direct platforms for exchange. Financial intermediaries, while also involved in connecting lenders and borrowers, typically represent organizations that act on behalf of others in financial transactions rather than serving as a broader market platform. Capital markets specifically refer to the segment of the financial markets where long-term debt or equity-backed securities are traded, which is a subset of the overall financial market, thus not encompassing the entirety of platforms for exchanges.