1. Why banks are called financial intermediaries? When you have money they can act as your agent for using or protecting that money. What are financial intermediaries? Is a financial institution ( such as a bank, credit union, finance company , insurance company, stock exchange, brokerage company) which acts as the middleman between those who want to lend and those who want to borrow. Examples of other intermediaries?
Depositary Intermediaries are those that get funds from the public and use them to finance their business. Non depositary Intermediaries are those that do not take or hold deposits.

2. What types of banks are there? How do they differ from each other?
Commercial bank; one of the big distinctions between commercial banks and other depository institutions is that commercial banks are owned by stockholders who expect a profit on their investments. Savings and Loans Associations; they receive most of their deposits from individuals. Charted by either state or federal governments, these institutions grew by focusing on real-estate lending for people. Mutual Savings Bank; receive deposits primarily from individuals and concentrate also on private real- estate mortgages. Mutual savings bank or owned by depositors as well. These state charted banks are sometimes granted greater powers with regard to assets and liabilities than S&Ls but usually not as much as those of commercial banks. Credit Unions; are also owned by depositors, but there are a couple of key differences. First, users of credit unions must be members. Membership is usually based on some type of association, such as a common employer, a certain line of work, a geographical region, or even a social or religious affiliation. Second , credit unions are not-for-profit financial institutions that exists to benefit the members.
3. List and describe bank functions. The primary functions of