Another type of financial intermediary is a non-depository institution such as an insurance company. Insurance companies collect premiums for various types of coverages; auto, home, and liability.They do not immediately pay out the all the premiums in losses.n this lesson, we'll describe the players in this process, borrowers and savers, explain the different types of financial intermediaries, and discuss the advantages of financial intermediation.
The Cabinet. Established in Article II, Section 2 of the Constitution, the Cabinet's role is to advise the President on any subject he may require relating to the duties of each member's respective office. The tradition of the Cabinet dates back to the beginnings of the Presidency itself. Established in Article II, Section 2, of the Constitution, the Cabinet's role is to advise the President on any subject he may require relating to the duties of each member's respective office.
The President is responsible for implementing and enforcing the laws written by Congress and, to that end, appoints the heads of the federal agencies, including the Cabinet. The Vice President is also part of the Executive Branch, ready to assume the Presidency should the need arise.