please help me please i will up vote your answers 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)

Answered: D. Ali believes that we have 4 major…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please help me please i will up vote your answers

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)

Expert Solution

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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