Which of the following is a function of financial intermediaries?

Question

Quizplus · Accepted Answer

Financial intermediaries such as banks and mutual funds take funds from individuals and transform them into financial assets such as stocks, bonds, and loans.

Choice B is incorrect because financial intermediaries do not typically transform funds into physical assets.

Choice C is incorrect because determining tax liabilities is the responsibility of the individual or business and their tax advisor, not financial intermediaries.

Choice D is incorrect because conducting fiscal policy is the responsibility of the government, not financial intermediaries.

Which of the Following Is a Function of Financial Intermediaries