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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?
- Insurance companies
- Investment banks
- Credit unions (correct)
- Building societies
What are the two broad categories of financial institutions based on ownership structure?
What are the two broad categories of financial institutions based on ownership structure?
- Commercial banks and insurance companies
- Depository banks and investment banks
- Contractual banks and cooperative banks
- Cooperative banks and commercial banks (correct)
Which type of financial institution manages investments?
Which type of financial institution manages investments?
- Insurance companies
- Investment banks (correct)
- Building societies
- Credit unions
What is the trend that some experts see in financial institutions?
What is the trend that some experts see in financial institutions?
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Which type of financial institution provides insurance services?
Which type of financial institution provides insurance services?
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