Black Box Explains...Media converters that are really switches..
A media converter is a device that converts from one media type to another, for instance, from twisted pair to fiber to take advantage of fiber’s greater range. A traditional media converter is a two-port Layer 1 device that performs a simple conversion of only the physical interface. It’s transparent to data and doesn't “see” or manipulate data in any way.
An Ethernet switch can also convert one media type to another, but it also creates a separate collision domain for each switch port, so that each packet is routed only to the destination device, rather than around to multiple devices on a network segment. Because switches are “smarter” than traditional media converters, they enable additional features such as multiple ports and copper ports that autosense for speed and duplex.
Switches are beginning to replace traditional 2-port media converters, leading to some fuzziness in terminology. Small 4- or 6-port Ethernet switches are very commonly called media converters. In fact, anytime you see a “Layer 2” media converter or a media converter with more than two ports, it’s really a small Ethernet switch.