An intermediary is someone who specializes in trade rather than production. They act as a middleman between producers and consumers and facilitate the exchange process. They may increase the number of transactions required, but they also make the process smoother and more efficient, ultimately reducing costs for both producers and consumers.

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An Intermediary

Question 234

Multiple Choice

An intermediary:

A) is a wholesaler--not a retailer.
B) usually increases the number of transactions required.
C) tends to make the exchange process more difficult and costly.
D) is someone who specializes in trade rather than production.
E) none of the above.

Correct Answer: