ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A department store
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A bank
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A school
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An ATM machine
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Detailed explanation-1: -The most common types of financial institutions are commercial banks, investment banks, insurance companies, and brokerage firms. These entities offer a wide range of products and services for individual and commercial clients such as deposits, loans, investments, and currency exchange.
Detailed explanation-2: -Types of financial institutions include: Banks. Credit unions. Community development financial institutions.
Detailed explanation-3: -There are three major types of depository institutions in the United States. They are commercial banks, thrifts (which include savings and loan associations and savings banks) and credit unions.
Detailed explanation-4: -Banking institutions include commercial banks, savings and loan associations, and credit unions. Non-banking financial institutions include insurance companies, pension funds, and hedge funds.
Detailed explanation-5: -Public financial institutions play a very vital role in our economy. It is also known as lending institutions and development banks.