The largest financial intermediary after banks is:

Question

Quizplus · Accepted Answer

Pension funds are large financial intermediaries that manage and invest money on behalf of individuals and institutions to provide retirement benefits. They invest in a variety of financial instruments such as stocks, bonds, and real estate. Mutual funds and insurance companies also serve as financial intermediaries, but pension funds are typically larger in terms of assets under management. Credit unions, while also intermediaries, are typically smaller and serve a specific membership base.

The Largest Financial Intermediary After Banks Is