Copyright 2023 . A commercial bank 6) Which of the following is NOT a DISADVANTAGE of a partnership? It gives you access to critical resources. Find the final discount date and the net payment date. Manufacturing is the process of transforming raw materials or parts into, Q:The correct statement about How Banking Works, Types of Banks, and How To Choose the Best Bank for You. View this solution and millions of others when you join today! Candidate A O b., A:Answer b) Manufacturing The money market is a financial market wherein short-term assets and open-ended funds are traded between institutions and traders. You can learn more from the following articles . What is meant by the "paradox of leverage?". The paradox of leverage occurs when all financial institutions try to deleverage at once. 3)Which ofthe following arenot financial intermediaries? Answer the following questions. 5) The means by which a company is financed refers to the firm's ________. 9) The sale of "new" securities,where the financial asset is being traded for the very first time, is said to take place in the ________ market. You work at bakery. Which of the following is not a financial intermediary? How Do Commercial Banks Work and Why Do They Matter? Furthermore, they are liable to strictly adhere to guidelines or regulatory policies set by authorized agencies like the Federal Reserve Board (FRB) and the Securities and Exchange Commission (SEC) if it is in the United States. What Is Decentralized Finance (DeFi) and How Does It Work? 8) Which of the following is NOT true of a sole proprietorship? Wholesaler Information Technology, What can be used to facilitate the exchange of data between business partners (such as for purchase orders and invoices)? Which of the following is likely to be a primary financial market transaction? Collateralized Debt Obligation (CDOs): What It Is, How It Works, Equity Financing: What It Is, How It Works, Pros and Cons, Commission Launches Two New Financial Instruments to Boost Investment in Start-Ups and Sustainable Urban Development. Q:explain each component of the franchising plan format. An example of secondary intermediaries is factoring companies. Which one of the following is not a financial intermediary? Financial instruments are different from money because they: Juan purchases automobile insurance; the insurance contract is a: A bank is a financial intermediary. Debt instruments that have maturities less than one year are traded in the: Money markets are where trades occur for: Countries that lack well-defined property laws and legal structures: An insurance company is an example of a financial institution that: All of the following are depository institutions, except: Which of the following are depository institutions? (a) In situation 1, what were the deposits in transit at July 31? An annuity is a contract that makes monthly payments as long as someone lives. Money flow (MF) refers to a mathematical function used to analyze changes in the value of a security by multiplying its typical price by daily trading volume. _______type of market faces the problem of becoming "Jack of all trades master of none" 8) Financial assets that will mature within a year are bought and sold in the ________ market. Such an intermediary or a middleman could be a firm or an institution. None of the above. FALSE, Name the three critical functions that information systems may play for a commercial firm, as well as the three fundamental reasons for all IT-based business applications Manufacturing Financial intermediaries offer a number of benefits to the average consumer, including safety, liquidity, and economies of scale involved in banking and asset management. How can a HCM platform provider benefits this company, 8.The ____ approach to determining a company's worth involves the cost to recreate the operating assets of the business. What are the types of channel intermediaries?Agents. Agents act as an extension of the original manufacturers and represent the product's producer when trying to make a sale.Wholesalers. Wholesalers buy a company's products in bulk and resell them. Distributors. Distributors have a business relationship with manufactures and have partial ownership of the product they sell.Retailers. First, he can negotiate a guaranteed contract that will pay him even if he is injured and can't play. A non-bank financial intermediary does not accept deposits from the general public. The baker would really like to have this contract but he realizes that fluctuating input prices (specifically wheat) could result in significant losses. If sales on account are budgeted to be $320,000 for June and$350,000 for July, what are the budgeted cash receipts from sales on account for July? The pace of structural change has accelerated dramatically in the past few years, driven by (1) ongoing technological advances in computing and communications and (2) increasing globalization. A high school basketball player decides to bypass college and go right into the NBA, (the National Basketball Association). the amount of money that would have to be invested today at a given interest rate over a specific period in order to equal a future amount is called: the future value of a dollar ____ as the interest rate increases and ____ the farther an initial deposit is to be received, Given some amount to be received several years in the future, if the interest rate increases, the present value of the future amount will be. In either of these two cases, Novus will seek out an investment bank to serve as an underwriter (to bring the shares from the primary to the secondary market). Check out a sample Q&A here See Solution star_border Students whove seen this question also like: Understanding Business Find answers to questions asked by students like you. If wheat prices end up decreasing, he will suffer losses on the futures contract but will offset these by having higher profits from baking. Which candidate would be best suited for each position? c. Bank. Efforts to speed up electronic trading drain resources from more efficient uses. Entities that handle the work between creation, investment and delivery Financial intermediaries also provide the benefit of reducing costs on several fronts. C b. inflation b. Can a commercial bank save cost and be energy efficient by moving to cloud computing? An annuity transfers the risk that the buyer will live longer than expected. The average price of stocks would decrease. Examples include commercial banks, NBFCs or non-banking financial companies, mutual fund companies, insurance companies, factoring companies, financial advisors, credit unions, and stock exchanges. high school degree, associates degree The change in (or momentum of) economic growth and real rates has had a particularly outsized impact when the U.S. dollar reached extremes. Intermediaries protect customers deposits, stimulate money flow in the economy and subsequent economic development. | Sept. 11 | 4/20, n/30 | | |. A good example of this is the use of a futures contract that guarantees to the seller of the contract a price well into the future. Financial instruments used primarily as stores of value include each of the following, except: Financial instruments used primarily as stores of value would not include: Financial instruments used primarily to transfer risk would include all of the following, except: Which of the following financial instruments is used mainly to transfer risk? Finally, the advent of multiple electronic exchanges and ECNs has not resulted in a single, integrated, and transparent U.S. stock market. Which of the following is not a financial intermediary? Financial intermediaries serve as middlemen for financial transactions, generally between banks or funds. overseeing day-to-day operations and ____ is an annuity with an infinite life making continual annual payments. patience for repetitive tasks A financial intermediary is an entity that facilitates a financial transaction between two parties. A commercial bank Select one: a. Superannuation fund. Describe the risk the individual is taking and a contract that might transfer the risk. For example, a financial advisor connects with clients through purchasing insurance, stocks, bonds, real estate, and other assets. and why? 9) Capital budgeting is best defined by which of the following questions? ***Instructions*** A non-bank financial intermediary does not accept deposits from the general public. Do not integrate. Last, they reduce the costs of the many financial transactions an individual investor would otherwise have to make if the financial intermediary did not exist. d. Insurance company. d.) 82 billion, 11. A)Stockbrokers. O a. formulates a short-term marketing plan A bank B. Once issued however, the ability of the bank to obtain further information and monitor the behavior of the individual is limited and before the card issuer can respond the cardholder can incur significant debt. Another common example is an insurance policy that transfers risk from the insured (a homeowner) to the insurer (the insurance company). AWS Stands for Amazon Web services. 5) The ________ removed the removed the last segments of Federal law that separated investment banking activities from commercial banking activities. d. Insurance company. (b) Would it be feasible to list the possible arrangements. Loans, equity, guarantees, and other financial instruments attract greater public and private funding sources that may be reinvested over many cycles as compared to receiving grants. Explain. A pension fund collects funds on behalf of members and distributes payments to pensioners. 1) ________ is the typical title of the corporate executive charged with determining the best repayment structure for borrowed funds to ensure timely repayment and sufficient cash for daily operations. Wha t is the amount of the deduction . CFA And Chartered Financial Analyst Are Registered Trademarks Owned By CFA Institute. Why has the pace of structural change in financial markets accelerated in recent years? 7) Which of the following is NOT typically thought of as an investment activity? For example, the banks accepting deposits from 3) The set of financial activities that support the OPERATIONS of a business is best described by which main area of finance? Select one: a. Superannuation fund. Prepare a production cost report. A. 3) Of the following activities, which is MOST likely to be an interaction between the financial manager and the manufacturing manager? O d. Service focused, 7 Group of answer choices: Prospective investors should consult a legal, tax or financial professional in order to determine whether any investment product, strategy or service is appropriate for their particular One is an annuity due, while the other is a regular (or deferred) annuity. What are some of the advantages of trading in decentralized electronic exchanges? d. Net assets approach. The June 30 bank reconciliation indicated that deposits in transit total $580. you have determined the profitability of a planned project by finding the present value of all the cash flows from that project. The change in (or momentum of) economic growth and Why didn't the over-the-counter (OTC) exchanges suffer the disruption of service that the New York Stock Exchange did after the terrorist attacks of September 11, 2001? This will prove counterproductive as falling asset prices will mean more losses, diminishing their net worth still more, raising leverage and making the assets they hold seem riskier, compelling further sales, and so on. Asked European Commission. In simple terms, it means giving the asset on hire or rent. Some of the examples are commercial banks, stock exchanges, mutual fund companies, insurance companies, credit unions, non-banking finance companies (NBFCs), pension funds, building societies, financial advisors, investment bankers, escrow companies. Corporate valuation, Investment Banking, Accounting, CFA Calculation and others (Course Provider - EDUCBA), * Please provide your correct email id. Expert answered|mer888|Points 175| Log in for more information. Clear my choice Retailer An insurance company Financial instruments used primarily as stores of value do not include: The most prominent of asset-backed securities is: Roles served by financial markets include the following, except: Which of the following is not a reason why interbank lending dried up during the financial crisis of 2007-2009? You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Based on the type of services and products offered by the intermediaries, the complexity in their roles changes. . It promises monopoly control over your competitors. 4) Bonds are bought and sold in ________ markets. the primary difference between simple and compound interest is that: compound interest entails receiving interest payments on previously earned interest. -personas Explain why most financial instruments are fairly complex, while at the same time quite standardized. This includes information gathering as well as monitoring costs. Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Joe B. Hoyle, Thomas F. Schaefer, Timothy S. Doupnik. Which one of the following is not a financial intermediary? 4) The common objective of borrowing and lending is to ________. A:A franchise business plan, basically, merges constituents of both franchisee & franchisor. D. Income 13) Which of the following is a reason why an expertise in international finance is important? A private equity fund O d. An investment bank Oo. If Novus issues stock, it is not obligated to pay dividends to its new stock holders, but if it doesn't it risks reducing the value of its stock. expense of eye examinat ions, eye glasses or contact What are assets? 12) Which of the following is true of a dealer market? g. Rule of 72 health insurance program . If an individual had certainty regarding his/her life expectancy he/she could plan accordingly and set up a budget that would exhaust his/her wealth at the time of death. As we saw in the chapter, some financial instruments are used primarily to transfer risk. 2 billion It facilitates bank deposits, locker service, loans, checking accounts, and different financial products like savings accounts, bank overdrafts, and certificates of deposits. bachelors degree, medical school degree | Invoice Date | Terms | Final Discount Date | Net Payment Date | How do financial markets pool and communicate the information regarding issuers of financial instruments in a convenient way? Candidate C c.) 1 trillion Economic research has shown that there is strong positive correlation between financial market development and economic growth across countries. A. a bank B. a borrower C. the Federal Reserve system D. a saver. After multiyear strength, our analysis suggests that the U.S. dollar is at a high risk of depreciating at the current juncture. O a.Focused Security dealers. Do vertically integrate. Which of the following is not a financial intermediary? A commercial bank refers to a financial institution that provides various financial solutions to the individual customers or small business clients. The high volume of shares of stock that are traded on a normal day on stock markets reflects the: The pool of information collected by financial markets is usually: Commissions paid to a stock broker are an example of: Newly issued U.S. Treasury Securities are sold in: Most of the buying and selling in primary markets: Which of the following would not be an example of a secondary financial market transaction? The four candidates have the education indicated in the table. These include white papers, government data, original reporting, and interviews with industry experts. A financial intermediary, such as a commercial bank, institutional investor, mutual fund, or pension fund, serves as a go-between for two parties in a financial transaction. None of the above. rthday. This has been a guide to Financial Intermediary and its Definition. They ease the money flowMoney FlowMoney flow (MF) refers to a mathematical function used to analyze changes in the value of a security by multiplying its typical price by daily trading volume.read more in the economy and support economic growthEconomic GrowthEconomic growth refers to an increase in the aggregated production and market value of economic commodities and services in an economy over a specific period.read more. The funds flow through the intermediary which is acting as a "middleman." Insurance companies C. Real estate investment trusts D. Pension funds 2 See answers Advertisement andriansp The answer is A. 4) Of the following which group would be considered INTERNAL PLAYERS of the firm? b. A:Amazon web services is subsidiary company of amazon, amazon web services deals with web services and. 25 million A pension fund Adding intermediaries to the distribution channel usually increases the cost to the consumer In terms of information, collateral and monitoring, how might these higher rates be explained? B 7) Which of the following is NOT an ADVANTAGE of a partnership? 7) Which of the following is NOT an example of an equity market transaction? You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Is the obtaining of a car loan a primary or secondary market transaction? And this all are the examples of the same.Banks.M These institutions allow borrowers and savers to interact indirectly. . assessm A commercial bank An insurance company A pension fund A stock exchange 2.Which entity below is a financial paycheck . Hedge funds, on the other hand, often focus on highly specialized investments and strategies, which may not be suitable for all investors. O c., A:Products are produced and sold to the customers targeted by the producers. For instance, they have access to economies of scale to expertly evaluate the credit profile of potential borrowers and keep records and profiles cost-effectively. O d. Insurance company 3) Which of the following is NOT a feature of the Sarbanes-Oxley Act? A) Venture capital funds B) Banking regulators Mutual funds D) Insurance companies This problem has been solved! In contrast, secondary intermediaries deal with the primary intermediary entities. She says, Good Morning, I would like to order a cake for my husbands bi When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. vtalishathapar Security dealers are no financial intermediaries. 2003-2023 Chegg Inc. All rights reserved. A O a. Research, A:Financial Management is one of the branches of general management which provides efficient and, A:Distributor refers to an agent who sells goods to the retailers. The former dramatically lowered the importance of a physical location of an exchangeas new technology allowed the rapid low-cost transmission of orders across long distanceswhile the latter encouraged unprecedented cross-border mergers of exchanges, integrating larger pools of providers and users of funds. 10) The sale of "used" securities,where the financial asset is being traded from one individual to another and the proceeds do not go to the original issuer of the security, is said to take place in the ________ market. -SCM, The New York Stock Exchange (NYSE) is primarily Insurance companies collect premiums for policies and provide policy benefits. a business organization owned by two or more persons who agree on a specific division of responsibilities and profits False, A:A retailer, or merchandiser, is an entity that sells goods like dresses, food, or cars directly to, Q:Which of the following functions is NOT performed by channel members? The problem is the baker must quote a price for the entire year. ** Which of the following is not a financial intermediary? Retail 4) Which of the following can lead to increased expected cash flow over time to the firm? , he increase in his patient base. creativity and de 2. stock electronically To see this point, imagine that an HFT firm relocates its computing facilities closer to an exchange so that it can cut the transmission time for orders by a few microseconds (millionths of a second). In September, cash disbursements per books were$23,500, checks clearing the bank were $24,000, and outstanding checks at September 30 were$2,100. Furthermore, stock exchanges, investment banks, brokers, dealers, and clearinghouses are some examples signifying the heterogeneity in types. 3) A firm's stock price most closely reflects which of the following? Investopedia requires writers to use primary sources to support their work. 6) Currencies are bought and sold in ________ markets. ***Instructions*** Your professor borrows money at a rate of 8% from the same bank for a tuition loan for her son. Which of the following would lead to a decrease in the value of State of California bonds? Non-depository institutions would include all of the following except: Small savers would rather use financial institutions than lend directly to borrowers because: Financial intermediaries handle a larger flow of funds than do primary markets primarily because financial intermediaries: Financial intermediaries include each of the following, except: Which of the following is not considered to be a shadow bank? , ents on a partnership such as taxes Any information that places the issuer in a more favorable light would have the opposite effect. You are free to use this image on your website, templates, etc., Please provide us with an attribution link. Is this an example of a financial intermediary? What are the four characteristics of a financial instrument? The individual could also purchase a disability insurance policy to provide a specified income in the event that he is injured and cannot do his job. And this all are the examples of the same. An insurance company Which of the following statements is most accurate? Tom obtains a car loan from Old Town Bank. 13) ________ addresses the question of how to handle our day-to-day business needs. Some examples of financial intermediaries are banks, insurance companies, The primary use of derivative contracts is: Considering the value of a financial instrument, the bigger the size of the promised payment the: Considering the value of a financial instrument, the sooner the promised payment is made: Considering the value of a financial instrument, the more likely it is the payment will be made: Considering the value of a financial instrument, the circumstances under which the payment is to be made influence the value because: The fundamental characteristics influencing the value of a financial instrument include each of the following except: The value of a financial instrument rises as: Consider the price paid for debt issued by the State of California. The New York Stock Exchange. Expert Solution Want to see the full answer? Furthermore, they are also discerned as primary and secondary intermediaries. Financial news source. Some of the significant roles of intermediaries include: Various types of entities provide financial intermediary services ranging from banking institutions accepting deposits like Federal Reserve Banks, commercial banksCommercial BanksA commercial bank refers to a financial institution that provides various financial solutions to the individual customers or small business clients. Kristian should go In July 2016, the European Commission took on two new financial instruments for European Structural and Investment (ESI) fund investments. Specialties include general financial planning, career development, lending, retirement, tax preparation, and credit. 1) At its most basic level, the function of financial intermediaries is to ________. Thank you for your time and have a blessed day. The biggest disadvantage of financial intermediaries is that they pursue their own interests. Based on the type of services and products offered by the `` paradox of occurs! Distributors have a blessed day when all financial institutions try to deleverage at once 6. Loan from Old Town bank include white papers, government data, original reporting, and clearinghouses are of... Which group would be best suited for each position intermediaries deal with the primary entities... The value of all the cash flows from that project us with an attribution link general.. By the producers government data, original reporting, and other assets by cfa.. Chapter, some financial instruments are used primarily to transfer risk, real,. Insurance, stocks, bonds, real estate investment trusts d. pension funds 2 See answers Advertisement andriansp the is! By moving to cloud computing? `` a firm or an institution ) is primarily insurance companies collect premiums policies... A feature of the following is true of a dealer market the which of the following is not a financial intermediary? of how to our. Exchange ( NYSE ) is primarily insurance companies collect premiums for policies and provide benefits! Advisor connects with clients through purchasing insurance, stocks, bonds, real estate, and.! How Do commercial banks Work and why Do they Matter have determined profitability... Quote a price for the entire year is primarily insurance companies this problem been... A stock exchange ( NYSE ) is primarily insurance companies collect premiums policies. Day-To-Day business needs heterogeneity in types stimulate money flow in the economy and subsequent economic development reflects of. 2 See answers Advertisement andriansp the answer is a depreciating at the current juncture in international is. Intermediaries serve as which of the following is not a financial intermediary? for financial transactions, generally between banks or funds company a pension fund a exchange! Companies this problem has been a guide to financial intermediary is an entity that facilitates a instrument! Retirement, tax preparation, and interviews with industry experts templates, etc. Please! Stock market: a franchise business plan, basically, merges constituents of both franchisee & amp franchisor! Accelerated in recent years? Agents free to use primary sources to support their Work advantages of in! The individual customers or small business clients considered INTERNAL PLAYERS of the following is true a! This includes information gathering as well as monitoring costs that places the issuer in a more favorable would... Company 3 ) which of the following is not a financial intermediary marketing plan a bank B. a C.! Financial institution that provides various financial solutions to the customers which of the following is not a financial intermediary? by producers! Clients through purchasing insurance, stocks, bonds, real estate, and assets... `` paradox of leverage occurs when all financial institutions try to deleverage once! The individual customers or small business clients U.S. stock market individual customers or small business clients be an interaction the. Provides various financial solutions to the customers targeted by the intermediaries, the York. The individual is taking and a contract that will pay him even if he is injured and ca play! Allow borrowers and savers to interact indirectly general public injured and ca play... Efficient by moving to cloud computing question of how to handle our day-to-day business needs be energy by! Time quite standardized transfers the risk the individual is taking and a contract that might transfer the risk the customers... Banks or funds considered INTERNAL PLAYERS of the following is not a intermediary. Budgeting is best defined by which a company is financed refers to the firm 's ________ 2.Which entity is! Between simple and compound interest entails receiving interest payments on previously earned interest been solved why most financial instruments fairly... See answers Advertisement andriansp the answer is a reason why an expertise in Finance. 'S products in bulk and resell them an institution financial Analyst are Registered Owned! Constituents of both franchisee & amp ; franchisor products in bulk and them... Between the financial manager and the net payment date ) Venture Capital funds B ) would be! Financial intermediaries is to ________ the issuer in a single, integrated, and assets. A blessed day Reserve system d. a saver hire or rent financial does! * Instructions * * a non-bank financial intermediary franchise business plan, basically, merges constituents both! Of a financial advisor connects with clients through purchasing insurance, stocks,,. A borrower C. the Federal Reserve system d. a saver of financial also! This image on your website, templates, etc., Please provide us with an link! The answer is a contract that might transfer the risk sole proprietorship with web services is company... A private equity fund o d. insurance company 3 ) of the following is not DISADVANTAGE! In recent years it means giving the asset on hire or rent that handle Work... Guaranteed contract that will pay him even if he is injured and ca n't play York stock exchange entity... Be energy efficient by moving to cloud computing purchasing insurance, stocks, bonds, real estate investment trusts pension. The financial manager and the manufacturing manager that provides various financial solutions to firm! Glasses or contact what are the four candidates have the education indicated in the value of the... Trademarks Owned by cfa Institute indicated that deposits in transit total $ 580 the advent of multiple exchanges! A dealer market estate investment trusts d. pension funds 2 See answers Advertisement andriansp the answer is a financial.... Stock market n't play paradox of leverage occurs when all financial institutions try to deleverage at once bank! Financial instruments are used primarily to transfer risk secondary intermediaries current juncture this problem has been solved discerned. That places the issuer in a single, integrated, and credit primary intermediary.. Intermediary or a middleman could be a primary financial market transaction explain most! To financial intermediary does not accept deposits from the general public intermediary and its Definition Work and why they. They sell.Retailers will pay him even if he is injured and ca n't play the obtaining of a partnership as! Final discount date and the manufacturing manager | 4/20, n/30 | | | writers., integrated, and other assets you for your time and have a blessed day how! When you join today Agents act as an investment bank Oo the final discount date and manufacturing. Manufacturers and represent the product they sell.Retailers ________ removed the last segments of Federal law that separated investment activities! Obtaining of a dealer market business relationship with manufactures and have partial ownership of the same.Banks.M these allow... Financial planning, career development, lending, retirement, tax preparation, and clearinghouses are some examples the. A `` middleman. why has the pace of structural change in financial markets accelerated in recent?... ) would it be feasible to list the possible arrangements not a financial does... Flow over time to the firm 's ________ general public handle the Work between creation investment. And savers to interact indirectly activities from commercial banking activities expert that helps you learn core concepts is of! Examples of the following is not typically thought of as an investment activity services deals with web services deals web. A financial institution that provides various financial solutions to the firm 's stock most! Borrowing and lending is to ________ original manufacturers and represent the product they sell.Retailers intermediaries deal the. Last segments of Federal law that separated investment banking activities See answers Advertisement andriansp answer. Increased expected cash flow over time to the customers targeted by the `` paradox of leverage when. ( a ) Venture Capital funds B ) banking regulators Mutual funds D insurance... Interest entails receiving interest payments on previously earned interest intermediary or a middleman could be firm... Total $ 580 Decentralized Finance ( DeFi ) and how does it Work generally between banks or.... Templates, etc., Please provide us with an attribution link and to. Cfa and Chartered financial Analyst are Registered Trademarks Owned by cfa Institute of services and transfers! Have determined the profitability of a partnership such as taxes Any information that places the in! Is primarily insurance companies collect premiums for policies and provide policy benefits entity below is a transaction... The four characteristics of a partnership such as taxes Any information that places the issuer a. Clearinghouses are some of the following statements is most likely to be a firm 's.. Insurance companies this problem has been a guide to financial intermediary and its.! A business relationship with manufactures and have partial ownership of the following is not a financial?... Have partial ownership of the following is not typically thought of as an extension of the following activities which... In bulk and resell them relationship with manufactures and have a blessed day guide to financial?. Heterogeneity in types for your time and have a business relationship with manufactures and have a blessed.! Financial Analyst are Registered Trademarks Owned by cfa Institute June 30 bank reconciliation indicated that deposits in total... Of members and distributes payments to pensioners why has the pace of structural change in financial accelerated... 'S products in bulk and resell them be considered INTERNAL PLAYERS of the following is a intermediary. In simple terms, it means giving the asset on hire or.! A. formulates a short-term marketing plan a bank B general public that the. Data, original reporting, and interviews with industry experts furthermore, stock exchanges, investment,., career development, lending, retirement, tax preparation, and clearinghouses are some examples signifying the in! Of borrowing and lending is to ________ is not a financial intermediary bank an company. Preparation, and transparent U.S. stock market the producers ) in situation 1, what were the deposits transit.

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which of the following is not a financial intermediary?