5 Questions
What is the primary function of a depository institution?
Accepting and managing deposits, and making loans
Which type of financial institution is responsible for managing investments and underwriting securities?
Investment institution
What is the ownership structure category of a cooperative bank?
Cooperative bank
What is the target of the United Nations Sustainable Development Goal 10 related to financial institutions?
Improving the regulation and monitoring of global financial institutions
What do Standard Settlement Instructions (SSIs) fix between two financial institutions?
Receiving agents of each counterparty in ordinary trades
Study Notes
Financial Institutions
- The primary function of a depository institution is to accept and manage deposits, such as checking and savings accounts.
Types of Financial Institutions
- Investment banks and broker-dealers are responsible for managing investments and underwriting securities.
Cooperative Banks
- Cooperative banks have a mutual ownership structure, meaning they are owned and controlled by their members.
United Nations Sustainable Development Goals
- The target of United Nations Sustainable Development Goal 10 related to financial institutions is to reduce inequalities in access to financial services.
Standard Settlement Instructions (SSIs)
- Standard Settlement Instructions (SSIs) fix the STANDARDISED details of payment and settlement instructions between two financial institutions, facilitating efficient transaction processing.
Test your knowledge of financial institutions with this quiz! Learn about the different types of financial institutions, their functions, and the services they provide. From depository institutions to credit unions, challenge yourself with questions on the role of financial institutions in managing deposits, making loans, and facilitating monetary transactions.
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