ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a financial institution in an economy?
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commercial banks
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central bank
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trade unions
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credit unions
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Explanation:
Detailed explanation-1: -Company Union cannot be said to be a trade union since trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship.
Detailed explanation-2: -Joining a trade union negotiate better pay. negotiate better working conditions, like more holidays or improved health and safety. provide training for new skills. give general advice and support.
Detailed explanation-3: -(i) Craft unions representing skilled workers from one occupation. (ii) General unions representing mainly unskilled workers from many occupations. (iii) Industrial unions representing mainly workers in one industry. (iv)
There is 1 question to complete.