ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a financial institution?
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A firm that makes money off of selling products
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An intermediary that helps channel savings into economic investments
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A corporation that typically falls into debt
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A primary source of selling company investment strategy
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Explanation:
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.
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