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How does a financial broker work

The non-bank financial broker does not accept


deposits from the general public:

1) A broker may provide factoring, leasing, insurance or other


financial services .
2) Many brokers participate in stock exchanges.
• 3) Banks link borrowers and lenders by provding capital from other
financial institutions and from the Federal Reserve .
• 4) The pension fund collects funds on behalf of members and
distributes payments to pensioners .

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