Ask Question
21 July, 10:47

Which of the following best defines a financial intermediary?

a) An asset sold by a company which entitles the buyer to partial ownership.

b) A claim by a buyer to a future by a seller.

c) A financial institution that transforms investor funds into financial assets.

+3
Answers (1)
  1. 21 July, 12:14
    0
    c) A financial institution that transforms investor funds into financial assets.

    Explanation:

    A financial intermediary is an institution that connects two parties in a transaction, for example, commercial banks that take deposits from people at a low interest rate and then lend the money to borrowers at a higher interest rate. According to this definition which best defines a financial intermediary is a financial institution that transforms investor funds into financial assets.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following best defines a financial intermediary? a) An asset sold by a company which entitles the buyer to partial ownership. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers