Transfer through institutions such as mutual funds or banks are classified as________________?
Correct answer: B. Financial intermediary
- A. Non-financial intermediary
- B. Financial intermediary
- C. Savers intermediary
- D. Discounted intermediary
Explanation
A financial intermediary, such as a bank or mutual fund, channels funds between savers and borrowers or investors. The other terms are not standard classifications for this function.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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