Why do financial intermediaries provide the public with a wide range of financial services?
A)because intermediaries are required by law to do so
B)because intermediaries are, by and large, profit seeking
C)because intermediaries just like to make people happy
D)because intermediaries are better at appraising the risk of default associated with lending to particular borrowers

Question

Quizplus · Accepted Answer

Financial intermediaries are profit-seeking entities, and offering a wide range of financial services enables them to attract and retain customers, increasing their potential revenue and profits.

Why Do Financial Intermediaries Provide the Public with a Wide