Q1006
Transfer through institutions such as mutual funds or banks are classified as
A.
non-financial intermediary
B.
financial intermediary
AnswerC.
savers intermediary
D.
discounted intermediary
Answer: Option B
Solution
Answer: Option B
Solution:
Transfer through institutions such as mutual funds or banks are classified as financial intermediary. A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction, such as a commercial bank, investment banks, mutual funds and pension funds.