Jose Miguel Artiles Caballos - Financial Intermediaries and How They Work

Bandeniaformulacapit31 Aug, 2021Finance

Jose Miguel Artiles Caballos | There are various types of financial intermediaries, such as banks, credit unions, insurance companies, mutual fund companies, stock exchanges, building societies, etc. Banks provide well-known financial services to invest and borrow funds seamlessly. Depositors invest funds at an interest rate lower than the borrowing rate. The bank earns its income on the difference between these rates. A non-banking finance company (NBFC) also provides loans, but at a much higher rate as compared to banks. Visit the link to know more in details!