-Financial markets consist of agents, brokers, institutions, and intermediaries transacting purchases and sales of securities. ... The term financial institution is a broad phrase referring to organizations which act as agents, brokers, and intermediaries in financial transactions.
just for additional:
-What is the difference between financial institution and financial intermediaries?
A financial intermediary is typically an institution that facilitates the channeling of funds between lenders and borrowers indirectly. That is, savers (lenders) give funds to an intermediary institution (such as a bank), and that institution gives those funds to spenders (borrowers)
-What is the purpose of financial institutions and markets?
Financial institutions are important because they provide a marketplace for money and assets, so that capital can be efficiently allocated to where it is most useful. For example, a bank takes in deposits from customers and lends the money to borrowers.
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Answer:
-Financial markets consist of agents, brokers, institutions, and intermediaries transacting purchases and sales of securities. ... The term financial institution is a broad phrase referring to organizations which act as agents, brokers, and intermediaries in financial transactions.
just for additional:
-What is the difference between financial institution and financial intermediaries?
A financial intermediary is typically an institution that facilitates the channeling of funds between lenders and borrowers indirectly. That is, savers (lenders) give funds to an intermediary institution (such as a bank), and that institution gives those funds to spenders (borrowers)
-What is the purpose of financial institutions and markets?
Financial institutions are important because they provide a marketplace for money and assets, so that capital can be efficiently allocated to where it is most useful. For example, a bank takes in deposits from customers and lends the money to borrowers.
explanation:
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