1472. Transfer through institutions such as mutual funds or banks are classified as

non-financial intermediary
financial intermediary
savers intermediary
discounted intermediary
✅ The correct answer is B.
Transfer through institutions such as mutual funds or banks are classified as financial intermediary. A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction, such as a commercial bank, investment banks, mutual funds and pension funds.

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