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Sir, Need your help regarding the Question 1 of Chapter 2 Questions – The financial management environment. I need details of why money market deposit is NOT a function of financial intermediary.
Thank you.
In future, if you want me to answer then you must ask in the Ask the Tutor Forum. This forum is for students to help each other.
You can invest directly in money market deposits, but for most people it is not realistic because of the amounts needed. So instead they use an intermediary (such as a bank). You can deposit small amounts with a bank, and then the bank can take everyones deposits in total and invests it in the money markets.
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