A, the UAE. They have a high population of guest workers.
<u>Answer:</u>
A financial intermediary is an 'entity' that acts as a middleman which facilitates the transaction between two parties.
<u>Explanation:</u>
- Financial Intermediaries are a type of financial entity that acts as a middleman in a transaction between two parties.
- A financial intermediary is also responsible for facilitating the transaction between the two identities.
- In simple words, it is the financial intermediaries are the intermediate who helps in bringing the two parties closer for a transaction.
- Some examples are commercial banks, investment banks, mutual funds, etc. They also provide benefits such as security and liquidity in exchange for facilitating the transaction between the two parties.
Current day Istanbul in Turkey
