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Questions
What is meant by ‘Intermediaries’?
What is meant by Intermediary?
Short Answer
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Solution
- Intermediaries are individuals and organisations that act as middlemen between two different groups in the economy or society.
- They connect different groups to facilitate transactions, investments, or exchanges.
- Example: Stock brokers, merchant bankers, depositories, mutual funds, and credit rating agencies act as a link between the corporate sector and investors.
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Chapter 22: Business Regulators and Intermediaries - EXERCISES [Page 308]
