Which of the following is a financial intermediary?

Question

Quizplus · Accepted Answer

A mutual fund is a type of financial intermediary that pools money from multiple investors to purchase a portfolio of stocks, bonds, or other securities. The fund is managed by a professional investment advisor who makes investment decisions on behalf of the investors. The fund allows investors to diversify their holdings and access a wider range of investments than they might be able to on their own. The stock market and U.S. government bonds are not financial intermediaries, as they are simply investment vehicles themselves.

Which of the Following Is a Financial Intermediary