true a loan company is not a financial intermediary

A financial intermediary is a title given to a person that works in the financial world. Their job is basically to act as the middleman between parties that are involved in a financial transaction.

A financial intermediary is a financial institution that connects surplus and deficit agents. There are three major reasons one might need a financial intermediary these include maturity transformation, risk transformation, and convenience denomination.

A non-depository intermediary is a financial institution that does not take or hold deposits.

dfv