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Stock Brokerage Firms. In its traditional role, why is a stock brokerage firm not considered a...

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Finance

  • Stock Brokerage Firms. In its traditional role, why is a stockbrokerage firm not considered a financial intermediary? What arethe roles of a brokerage firm and an intermediary?

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In layman terms a financial intermediary is a financial institution that indirectly connects lenders having surplus funds and borrowers with shortage of funds for example commercial banks investment banks insurance companies etc On the other hand stock brokerage firms    See Answer
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Stock Brokerage Firms. In its traditional role, why is a stockbrokerage firm not considered a financial intermediary? What arethe roles of a brokerage firm and an intermediary?

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