ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stockbrokers.
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Banks.
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Superannuation funds.
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Managed funds.
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All of the above.
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Detailed explanation-1: -Answer and Explanation: The stock market, bond market, and banks are all financial intermediaries but the government is not. The government is not a financial intermediary but it has become involved in financial intermediation.
Detailed explanation-2: -The institutions that are commonly referred to as financial intermediaries include commercial banks, investment banks, mutual funds, and pension funds.
Detailed explanation-3: -Investment bankers help firms issue new securities to the public, and are not financial intermediaries.
Detailed explanation-4: -Banks. Mutual savings banks. Savings banks. Building societies. Credit unions. Financial advisers or brokers. Insurance companies. Collective investment schemes. More items