A _________ is the largest financial intermediary handling individual savings. It receives premium payments that are placed in loans or investments to accumulate funds to cover future benefits.
A. savings bank
B. credit union
C. life insurance company
D. commercial bank
Answer:C
A _________ is the largest financial intermediary handling individual savings. It receives premium payments that are placed in loans or investments to accumulate funds to cover future benefits.
A. savings bank B. credit union C. life insurance company D. commercial bank