Which of the Following Is NOT a Financial Intermediary

question 1

Multiple Choice

Which of the following is NOT a financial intermediary?

• A)NASDAQ
• B)Allstate Insurance Company
• C)Bank of America
• D)Vanguard Total Stock Market Index Fund

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Definitions:

Statement of Financial Position

A financial report detailing a company's assets, liabilities, and equity at a specific point in time, commonly known as a balance sheet.

Dishonoured Note

A promissory note that has not been paid by the issuer at its maturity date.

Accounts Receivable

This refers to the money owed to a company by its customers for goods or services already delivered or performed but not yet paid for.

Unpaid Interest

Interest on a loan or debt that has accrued but has not yet been paid by the borrower.