Of the following,which is NOT an activity engaged in by a financial intermediary?
A)Matching borrowers and lenders
B)Bearing risk
C)Managing retirement portfolios for large classes of employees
D)Enforcement of regulations including the application of fines for financial violations

Question

Quizplus · Accepted Answer

Enforcement of regulations and application of fines for financial violations is a function of regulatory bodies and not financial intermediaries. Financial intermediaries engage in activities such as matching borrowers and lenders, bearing risk, and managing retirement portfolios for large classes of employees.

Of the Following,which Is NOT an Activity Engaged in by a Financial