Sound Directory
Jose Miguel Artiles Ceballos explains why there is a need for a financial intermediary. According to them, the need for financial intermediary arises in the case where there is a need to develop a trust between both the parties, the borrower, and the lender. When a financial transaction is taking place, the lender wants to ensure that his money is invested in a secure place, and he would be paid back the amount that he has lent.