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One of the new brokers asks the three questions

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After submitting your report, one of the new brokers asks the three questions below and requests a written response:

What are the economic functions financial intermediaries perform?
What is the role of broker in the financial market?
How has that role changed since the inception of on-line investing?

Please to provide source in APA style

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Solution Summary

The response addresses the queries posted in 219 Words, APA References

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The response addresses the queries posted in 219 Words, APA References

Solution 1. Financial intermediaries are financial institutions that channelize the savings of the investors into investment/ loans. The major financial intermediaries are banks, insurance organizations, both life and non-life/ general, mutual funds, non banking financial companies (Baker & Powell, 2005).

Low cost - Intermediaries perform the function of decreasing the transaction cost. The benefits of investment through financial intermediaries are available to the ...

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