12 Questions
Which financial intermediary is primarily involved in advancing loans to clients at high-interest rates?
Non-Banking Finance Companies
What is the primary function of Mutual Fund Companies?
Collecting amounts from various investors for investment
Which financial intermediary charges brokerage fees for every trading activity?
Stock Exchanges
What distinguishes Credit Unions from Banks and Non-Banking Finance Companies?
Facilitating lending and borrowing of funds to members only
Which financial intermediary is known for simplifying the lending and borrowing process on a large scale?
Banks
What is the primary focus of Non-Banking Finance Companies?
Advancing loans to clients at a very high rate of interest
What kind of deposits do insurance companies accept from individuals and business entities?
Premiums
Which financial intermediaries are responsible for facilitating mortgage loans and demand deposits to its members?
Building Societies
What do investment bankers specialize in providing services related to?
Initial public offerings (IPO)
What do escrow companies act as when providing a loan between two parties for real estate mortgages?
Mediator
In which investment scheme do investors pool their funds together with common investment objectives?
Collective Investment Schemes
What do financial advisers provide to investors, besides collecting funds and investing in securities?
Guidance and Expert Opinions
Learn about different types of financial intermediaries such as central and commercial banks, credit unions, and non-banking finance companies. Understand how these institutions simplify the lending and borrowing process while providing financial services to customers.
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