Which of the following is not an example of a financial intermediary?
A) a pension fund
B) an insurance company
C) a commercial bank
D) the New York Stock Exchange

Question

Quizplus · Accepted Answer

The New York Stock Exchange is not a financial intermediary, but rather a marketplace where financial securities such as stocks and bonds are bought and sold. Financial intermediaries are institutions that collect funds from savers and then use those funds to make loans or invest in securities on behalf of borrowers. Examples include pension funds, insurance companies, and commercial banks.

Which of the Following Is Not an Example of a Financial