ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Discount Houses
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Cagamas Berhad
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Provident and Pension Funds
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Development Finance Institutions
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Detailed explanation-1: -Examples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some microloan organizations, and pawn shops. These non-bank financial institutions provide services that are not necessarily suited to banks, serve as competition to banks, and specialize in sectors or groups.
Detailed explanation-2: -Non-bank financial intermediaries are thus a heterogeneous group of financial institutions other than commercial banks. NBFIs include such institutions as life insurance companies, mutual savings banks, pension funds, building societies, etc. NBFIs have made considerable progress after World War I.
Detailed explanation-3: -Asset Finance Company. Loan Company. Mortgage Guarantee Company. Investment Company. Core Investment Company. Infrastructure Finance Company. Micro Finance Company. Housing Finance Company.