Question

An insurance company is

A. not a financial intermediary because they do not take direct deposits and do not make loans.
B. a financial intermediary because they take premiums and use them to purchase financial securities.
C. not a financial intermediary because financial intermediaries act as a​ go-between for borrowers and lenders.
D. a financial intermediary because they take deposits and make mortgages and car loans.

Answer 1

B. a financial intermediary because they take premiums and use them to purchase financial securities

Step-by-step explanation: