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2 November, 16:41

Which of the following is not a financial intermediary?

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  1. 2 November, 17:09
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    Commercial business.

    Explanation:

    An institution that facilitates the channeling of funds between lenders and borrowers indirectly. And this all are the examples of the same.

    Banks.

    Mutual savings banks.

    Savings banks.

    Building societies.

    Credit unions.

    Financial advisers or brokers.

    Insurance companies.

    Collective investment schemes.

    cooperative societies

    Stock exchanges

    Commercial business is not a financial intermediary, but this includes the distribution of goods & services and this include all the asset and liabilities of the business and doesn't take into account the operations.
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