5 Questions
Which type of financial institution accepts and manages deposits and makes loans?
Credit unions
What are the two broad categories of financial institutions based on ownership structure?
Cooperative banks and commercial banks
Which type of financial institution manages investments?
Investment banks
What is the trend that some experts see in financial institutions?
Homogenisation of financial institutions
Which type of financial institution provides insurance services?
Insurance companies
Test your knowledge about financial institutions and their role in the economy with this informative quiz! Learn about the different types of depository institutions and their functions, including banks, building societies, and credit unions. Challenge yourself and see how well you understand the world of finance.
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