Pearson eText Economics of Money, Banking and Financial Markets, The, Business School Edition -- Instant Access (Pearson+)
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Chapter 13, Problem 5LO
To determine

The role and activities of mutual funds in financial intermediation

Context Introduction:

A financial intermediation is a transaction wherein a third party assists in bringing the buying-investor together with the seller of the financial instrument, in exchange for a consideration. In the recent times, mutual funds have evolved into different types to suit varied preferences such as bond mutual funds, investing in bond markets, stock mutual funds dealing in stock market trading instruments et al.

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