D. Ali believes that we have 4 major types of financial intermediaries: • Deposit-type or "Depository" Institutions. Contractual Savings Institutions. • Investment Funds. ● "Other" Institutions. Please elaborate on them using your own words (remember: we have a plagiarism checker)
D. Ali believes that we have 4 major types of financial intermediaries: • Deposit-type or "Depository" Institutions. Contractual Savings Institutions. • Investment Funds. ● "Other" Institutions. Please elaborate on them using your own words (remember: we have a plagiarism checker)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Introduction
Financial institutions refer to those companies which are engaged in the business of dealing with financial and monetary transactions. These transactions maybe of the form of deposits, loans, investments, or currency exchange. Financial institutions consist of various business activities within the financial sector which includes banks, insurance companies, investment dealers, trust companies. These institutions vary on the basis of scope, size, and geography.
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