Multiple Choice
Match the intermediary with the characteristic that best describes its function.
I. Provide protection from adverse events.
II. Pool funds of small savers and invest in either money or capital markets.
III. Provide consumer loans and real estate loans funded by deposits.
IV. Accumulate and transfer wealth from work period to retirement period.
V. Underwrite and trade securities and provide brokerage services.
1. Thrifts
2. Insurers
3. Pension funds
4. Securities firms and investment banks
5. Mutual funds
A) 1,3,2,5,4
B) 4,2,3,5,1
C) 2,5,1,3,4
D) 2,4,5,3,1
E) 5,1,3,2,4
Correct Answer:
Verified
Correct Answer:
Verified
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