Problem
1. What are the four defining characteristics of a financial intermediary?
2. What are three types of financial intermediaries?
3. What is unusual about depository institutions relative to other financial intermediaries?
4. In the Diamond-Dybvig banking model, why does a consumer do better by depositing in a bank rather than investing on his or her own?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.