ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A financial intermediary refers to an institution that acts as a middleman between two parties in order to facilitate a financial transaction. The institutions that are commonly referred to as financial intermediaries include commercial banks, investment banks, mutual funds, and pension funds.

Detailed explanation-2: -Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions.

Detailed explanation-3: -A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction, such as a commercial bank, investment bank, mutual fund, or pension fund.

Detailed explanation-4: -Financial institutions are also known as Financial intermediaries.

Detailed explanation-5: -A financial intermediary does not only act as an agent for other institutional units, but places itself at risk by acquiring financial assets and incurring liabilities on its own account (for example banks, insurance corporations, investments funds).