1-11 When an FI functions as a broker,they are selling a financial asset that they have created and will continue to hold on their balance sheet.

Name: 1-11 When an FI functions as a broker,they are selling a financial asset that they have created and will continue to hold on their balance sheet.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

When an FI functions as a broker, they are selling financial assets that they do not hold on their balance sheet. Instead, they act as an intermediary between buyers and sellers of financial assets.

1-11 When an FI Functions as a Broker,they Are Selling