In its traditional role, why is a stock brokerage firm not considered a financial intermediary? Differentiate between

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In its traditional role, why is a stock brokerage firm not considered a financial intermediary? Differentiate between the role of a brokerage firm and that of an intermediary.

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Nov 24, 2014 09:28 AM

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In its traditional role, why is a stock brokerage firm not considered a financial intermediary? Differentiate between

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In their traditional role stock brokerage firms function as agents of investors helping them to dir...View the full answer

Principles of Finance

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