ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Examples of financial institutions include retail and commercial banks, investment banks, insurance companies, finance companies, credit unions, brokerage firms, and savings and loan institutions.

Detailed explanation-2: -The major categories of financial institutions are central banks, retail and commercial banks, internet banks, credit unions, savings and loan associations, investment banks and companies, brokerage firms, insurance companies, and mortgage companies.

Detailed explanation-3: -The most common types of financial institutions are commercial banks, investment banks, insurance companies, and brokerage firms.

Detailed explanation-4: -Financial markets refer broadly to any marketplace where the trading of securities occurs, including the stock market, bond market, forex market, and derivatives market, among others. Financial markets are vital to the smooth operation of capitalist economies.

Detailed explanation-5: -Commercial Banks. Commercial banks are generally stock corporations whose principal obligation is to make a profit for their shareholders. Savings and Loans/Savings Banks. Credit Unions.