Which of the following is not a financial intermediary?

Question

Quizplus · Accepted Answer

An organized exchange, such as the New York Stock Exchange (NYSE), is not a financial intermediary as it does not directly take deposits from and provide loans or investments to individuals or businesses. Instead, it provides a platform for buying and selling financial instruments such as stocks, bonds, and derivatives. Financial intermediaries such as commercial banks, insurance companies, and pension funds take deposits or premiums from savers and investors and use them to provide loans or invest in securities on behalf of their clients.

Which of the Following Is Not a Financial Intermediary