Which of the following are NOT an example of a financial intermediary?
A) Banks
B) Credit companies
C) Departmental stores
D) Insurance companies

Question

Quizplus · Accepted Answer

Financial intermediaries are institutions that act as a middleman between savers and borrowers to facilitate the flow of funds from one party to another. Banks, credit companies, and insurance companies are examples of financial intermediaries because they accept deposits from savers and lend or invest these funds to borrowers. Department stores do not typically perform this function and therefore are not considered financial intermediaries.

Which of the Following Are NOT an Example of a Financial