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Which of the following is not a financial intermediary? O a pension fund an insurance company an organized exchange, e.g. NYSE a commercial bank

Which of the following is not a financial intermediary? O a pension fund an insurance company an organized exchange, e.g. NYSE a commercial bank

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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**Question 19** Which of the following is *not* a financial intermediary? - ○ a pension fund - ○ an insurance company - ● an organized exchange, e.g. NYSE - ○ a commercial bank **Explanation:** In this multiple-choice question, users are asked to identify which entity is not considered a financial intermediary. The options include: - A pension fund - An insurance company - An organized exchange (e.g., NYSE) - A commercial bank The correct answer, indicated by the blue highlight, is "an organized exchange, e.g. NYSE.” This implies that unlike the other options, an organized exchange does not act as an intermediary in financial transactions but rather serves as a marketplace where securities, commodities, derivatives, and other financial instruments are traded.
Transcribed Image Text:**Question 19** Which of the following is *not* a financial intermediary? - ○ a pension fund - ○ an insurance company - ● an organized exchange, e.g. NYSE - ○ a commercial bank **Explanation:** In this multiple-choice question, users are asked to identify which entity is not considered a financial intermediary. The options include: - A pension fund - An insurance company - An organized exchange (e.g., NYSE) - A commercial bank The correct answer, indicated by the blue highlight, is "an organized exchange, e.g. NYSE.” This implies that unlike the other options, an organized exchange does not act as an intermediary in financial transactions but rather serves as a marketplace where securities, commodities, derivatives, and other financial instruments are traded.
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