Ask Question
4 June, 11:23

What are 2 forms of financial institutions

+5
Answers (2)
  1. 4 June, 14:12
    0
    Depository institutions - deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies;

    Contractual institutions - insurance companies and pension funds.
  2. 4 June, 14:14
    0
    The answer is Non-depository and Depository.

    Explanation:

    This depends on whether the institution has the legal capacity and the authority to keep deposits from the public.

    for an example, an insurance company falls under Non depository while a licensed commercial bank or a savings bank falls under depository category.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What are 2 forms of financial institutions ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers