Question
What type of financial institutions are you familiar with (review those that are listed in the text or in an online index)? What type of
What type of financial institutions are you familiar with (review those that are listed in the text or in an online index)? What type of transactions do you carry out with those institutions?
It is argued that a financial institution can be defined as a financial intermediary or someone or something that facilitates a transaction. Some ways in which a financial intermediary might facilitate a transaction include:
1. Diversify funding sources and investments
2. Pool money
3. Specialized knowledge
Do financial intermediaries you transact with carry out the above services? Provide specific examples.
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