Which of the following is not a function of financial intermediaries?
A) Accept funds from the public and invest them in assets.
B) Harmonise the differences in size,maturity and risk preferences between surplus units and deficit units.
C) Generate economies of scale as a result of the specialist skills that financial intermediaries acquire in credit assessment and monitoring of the performance of borrowers.
D) Result in the pooling of the risks associated with a portfolio of loans.
Correct Answer:
Verified
Q23: Which of the following is an example
Q24: Secondary markets:
A)do not raise new funds,but provide
Q25: Open-market operations refer to:
A)the method by which
Q26: A broker may:
A)underwrite an issue of new
Q27: The parties to a mortgage contract include
Q29: The term 'to underwrite' refers to:
A)a type
Q30: Which of the following accounts for approximately
Q31: A company may use merchant banks to:
A)act
Q32: Superannuation funds and life insurance companies invest
Q33: Equity markets involve:
A)a permanent transfer of funds.
B)a
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