One type of financial intermediary now rising in relative importance is

Question

Quizplus · Accepted Answer

Pension funds are becoming more important as populations age and individuals increasingly rely on their own savings for retirement. Pension funds pool resources from multiple individuals and invest in a variety of assets, providing a source of capital for businesses and other institutions. Banks, S&Ls, and life insurance companies also serve as financial intermediaries, but are not necessarily rising in relative importance compared to pension funds.

One Type of Financial Intermediary Now Rising in Relative Importance