The primary function of non-bank financial institutions is to
Answer Details
The primary function of non-bank financial institutions is to mobilize savings for investment. In other words, they collect money from individuals and other sources and then use that money to invest in various financial instruments, such as stocks, bonds, and other securities. These institutions may also provide other financial services, such as insurance and investment management, but their main focus is on using the funds they collect to generate returns for their investors.