________ are nondepository institutions that facilitate the purchase or sale of securities by firms or individuals by providing investment banking services and brokerage services.

Question

Quizplus · Accepted Answer

Securities firms specialize in facilitating the purchase or sale of securities through investment banking and brokerage services. Finance companies primarily provide loans to consumers and businesses, insurance companies provide insurance products, and investment companies primarily invest pooled funds in securities.

________ Are Nondepository Institutions That Facilitate the Purchase or Sale