The major difference between investing institutions and financial intermediaries is that: Select one:

a. investing institutions are not required to pay tax under the current Australian tax system.

b. the major role of financial intermediaries is to accept deposits and make loans while investing institutions are directed towards providing insurance and funds management.

c. investing institutions accept money from the public and invest the funds in assets, while financial intermediaries merely act as a third party and oversee the transfer of funds.

d. financial intermediaries generally have a much wider spread of assets than investing institutions.