Which of the following is both a financial institution and a financial intermediary?
A)banks
B)stock exchanges
C)the bond market
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Banks are both financial institutions and financial intermediaries because they accept deposits from savers and use those funds to provide loans to borrowers. Stock exchanges and the bond market are financial institutions, but they do not perform the role of financial intermediaries.

Which of the Following Is Both a Financial Institution and a Financial