Through financial intermediaries, individuals invest directly in firms' stocks and bonds.

Name: Through financial intermediaries, individuals invest directly in firms' stocks and bonds.
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Question

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Financial intermediaries such as mutual funds and investment banks pool funds from individuals and invest them in a diversified portfolio of stocks and bonds issued by various firms. Individuals indirectly invest in these stocks and bonds through these financial intermediaries.

Through Financial Intermediaries, Individuals Invest Directly in Firms' Stocks and Bonds