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Questions and Answers
Which type of financial institution accepts and manages deposits and makes loans?
Which type of financial institution accepts and manages deposits and makes loans?
- Investment institution
- Contractual institution
- Cooperative bank
- Depository institution (correct)
Which type of financial institution is involved in managing investments?
Which type of financial institution is involved in managing investments?
- Investment institution (correct)
- Depository institution
- Contractual institution
- Cooperative bank
According to ownership structure, financial institutions can be broadly categorized into which two types?
According to ownership structure, financial institutions can be broadly categorized into which two types?
- Cooperative bank and credit union
- Depository institution and contractual institution (correct)
- Commercial bank and investment bank
- Bank and insurance company
What is the consequence of the trend toward homogenisation of financial institutions?
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?
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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