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

---

Definitions:

Securities

Financial instruments representing ownership (stocks), creditor relationships (bonds), or rights to ownership (options).

Primary Market Transaction

Occurs when new securities are sold for the first time to investors, directly impacting the issuing company's capital.

Issuing Corporation

The entity that offers securities for sale to investors, typically through the process of a public offering.

Secondary Market

A venue where investors buy and sell securities they already own, such as the stock market, separate from the primary market where securities are first issued.