Business, 20.02.2020 07:35 shaunalab

A student remarks:

"When I pay my car insurance premiums, I never get that money back. My insurance premiums represent payments for a service I receive from the insurance company. When I deposit money in the bank, I can always withdraw the money later if I want to. So, my bank deposit represents a financial investment for me. Therefore, a bank is a financial intermediary, but an insurance company is not."

Briefly explain whether you agree with the student's argument.

Answers: 1

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A student remarks:

"When I pay my car insurance premiums, I never get that money back....

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