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Questions and Answers
Which type of financial institution accepts and manages deposits and makes loans?
Which type of financial institution is involved in managing investments?
According to ownership structure, financial institutions can be broadly categorized into which two types?
What is the consequence of the trend toward homogenisation of financial institutions?
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Which of the following is not a type of depository institution?
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Study Notes
Financial Institutions
- Commercial banks accept and manage deposits and make loans.
Types of Financial Institutions
- Investment banks and securities firms are involved in managing investments.
Ownership Structure of Financial Institutions
- Financial institutions can be broadly categorized into two types based on ownership structure: privately owned and publicly owned.
Consequence of Homogenisation
- The trend toward homogenisation of financial institutions leads to a loss of diversity in the financial services industry.
Types of Depository Institutions
- Credit unions are a type of depository institution.
- Mutual savings banks are a type of depository institution.
- The following is not a type of depository institution: insurance companies.
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Description
Test your knowledge of financial institutions with this quiz! Explore the different types of depository institutions and their roles in managing deposits, making loans, and facilitating financial transactions. See how much you know about banks, credit unions, and building societies.
