Question
One type of financial intermediary is an institution that uses the liquid assets of many depositors to finance the illiquid needs, such as loans, of
One type of financial intermediary is an institution that uses the liquid assets of many depositors to finance the illiquid needs, such as loans, of borrowers. This kind of financial intermediary is a
(A) Bank
(B) Mortgage backed security
(C) Mutual fund
(D) Stock market
(E) Life insurance company
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
