What Is a Money Broker?

Answer

A money broker is a type of agent who arranges short term loans between borrowers and banks. The money broker is not involved in the process of borrowing or lending, but merely acts as an intermediary, who gets his earnings from a commission.
2 Additional Answers
A money broker is a person or a firm that brings buyers and sellers together, but does not take any position in the asset being exchanged. It is believed that brokers provide unbiased opinion on a security since very little self-interest is involved in the transaction.
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