Economic functions financial intermediaries perform; role of broker in the financial market; role changed since the inception of on-line investing
After submitting your report, one of the new brokers asks the three questions below and requests a written response:
1. What are the economic functions financial intermediaries perform? (1 to 2 Paragraphs)
2. What is the role of broker in the financial market? (1 to 2 Paragraphs)
3. How has that role changed since the inception of on-line investing?
Here is just a sample of what you'll find in this solution:
"A number of benefits flowing from the economic system are produced by the ability of financial intermediaries to transmute the unacceptable claims on borrowers into acceptable claims on themselves. Firstly, through aggregating small amounts of funds for on-lending in larger parcels, liquidity is created for the lender."
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