According to the textbook,all of the following are financial intermediaries except a/an:
A) bank.
B) insurance company.
C) superannuation fund.
D) share broking firm.

Question

Quizplus · Accepted Answer

Share broking firm is not considered a financial intermediary as they do not take funds from savers and lend them to borrowers. Instead, they act as a middleman in the buying and selling of securities. The other options listed (bank, insurance company, superannuation fund) are all considered financial intermediaries because they take funds from savers and allocate them to borrowers or invest them in financial assets.

According to the Textbook,all of the Following Are Financial Intermediaries