A financial intermediary transforms funds gathered from many individuals into financial assets.

Name: A financial intermediary transforms funds gathered from many individuals into financial assets.
Brand: Quizplus
Rating: 5.0 (46 reviews)

Question

Quizplus · Accepted Answer

This is true. Financial intermediaries include banks, investment companies, insurance companies, and other institutions that gather funds from individual investors and transform them into financial assets such as stocks, bonds, and other securities.

A Financial Intermediary Transforms Funds Gathered from Many Individuals into Financial