BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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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 service provided by financial institutions?
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Buying the business of customers
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Investing customers’ savings in stock and bonds
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Paying savers’ interest on deposited funds
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Lending money to customers
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Explanation:
Detailed explanation-1: -Detailed Solution. The correct answer is BCCI. BCCI is not a financial institution.
Detailed explanation-2: -The 4 most common types of financial institutions are commercial banks, brokerage firms, insurance companies, investment banks.
Detailed explanation-3: -So answer is access to investment advice so we can light here and it says two. Investment advice is not a common feature is not a common feature.
There is 1 question to complete.