Which financial intermediary is not involved in the indirect method of financial intermediation?

Question

Quizplus · Accepted Answer

Investment banks are involved in the direct method of financial intermediation, where they help companies and governments issue securities to raise funds directly from investors. The other three options (insurance companies, mutual funds, and pension funds) are all involved in the indirect method of financial intermediation, where they collect funds from savers and then invest those funds in various financial assets.

Which Financial Intermediary Is Not Involved in the Indirect Method