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Transfer through institutions such as mutual funds or banks are classified...

This question belongs to Commerce Financial Management
Financial Management
?

Transfer through institutions such as mutual funds or banks are classified as

Answer & Solution
Correct Answer: Option B
Transfer through institutions such as mutual funds or banks are classified as financial intermediary. A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction, such as a commercial bank, investment banks, mutual funds and pension funds.
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