If you were going to get a loan to purchase a new car, which financial intermediary would you use?

1 answer:

7 0

If you were going to get a loan to purchase a new car, financial intermediary you would use is a commercial bank.

Financial intermediary is that entity that acts as an intermediary or the middlemen between the two parties during any financial transaction.

Financial intermediaries can be a commercial bank, an investment bank, pension fund or the mutual funds.

Commercial bank is that financial institution which offers different financial functions such as accepting deposits, offers various loans, offering checking account facilities, and also offers some basic facilities such as saving accounts to the customers.

It provides personal loans, mortgages, commercial loans to the customers.

To know more about commercial bank here:

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