Financial intermediaries are institutions or individuals that act as middlemen between parties in financial transactions. They borrow money from savers at low interest rates and lend it to borrowers at higher rates, keeping the difference. Common types of financial intermediaries include banks, credit unions, insurance companies, pension funds, mutual funds, and brokerage houses.
Financial intermediaries are institutions or individuals that act as middlemen between parties in financial transactions. They borrow money from savers at low interest rates and lend it to borrowers at higher rates, keeping the difference. Common types of financial intermediaries include banks, credit unions, insurance companies, pension funds, mutual funds, and brokerage houses.
Financial intermediaries are institutions or individuals that act as middlemen between parties in financial transactions. They borrow money from savers at low interest rates and lend it to borrowers at higher rates, keeping the difference. Common types of financial intermediaries include banks, credit unions, insurance companies, pension funds, mutual funds, and brokerage houses.