Is a post office a regulated financial intermediary?

is a post office a regulated financial intermediary?
adam_254680
Asked Oct 01, 2012
Not in the normal way the term is used. A financial intermediary is an institution like a bank where some people put their money in the bank's savings program and collect interest while others borrow that money from the bank and pay interest. The difference between the interest the bank receives and what they pay goes to the operating costs of the bank and their profits.
Rob
Answered Oct 01, 2012

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