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Which of the following describes an organization that would not be considered a financial intermediary?
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Which of the following describes an organization that would not be considered a financial intermediary?
Which of the following describes an organization that would not be considered a financial intermediary?
▸ A company which takes money from pension funds and retirement accounts and invests it into mutual funds
▸ A firm that borrows money from insurance companies and creates new financial products to sell to other institutional investors
▸ An organization that takes money from high-net worth individuals and uses it to buy struggling companies with the hopes that these companies will turn around and become profitable
▸ A firm that sells critical machine parts to an auto manufacturer
Textbook
Macroeconomics
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3
rd
Authors:
Acemoglu, Laibson, List
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A firm that sells critical machine parts to an auto manufacturer
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