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23-09-2019
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Identify each type of financial institution: Institution Type Finance Companies ▼ Commercial Banks ▼ Contractual Savings Institution Investment Intermediary Depository Institution Life Insurance Companies ▼ Depository Institution Investment Intermediary Contractual Savings Institution Savings and Loan Associations ▼ Depository Institution Contractual Savings Institution Investment Intermediary Credit Unions ▼ Investment Intermediary Depository Institution Contractual Savings Institution Mutual Funds ▼ Investment Intermediary Contractual Savings Institution Depository Institution Investment Banks

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Dryomys Dryomys

30-09-2019

Answer:

(a) Finance companies:

It is a investment intermediary.

(b) Commercial Banks:

It is a depository institution.

(c) Life Insurance Companies:

It is a contractual savings institution.

(d) Savings and Loan Associations:

It is a depository institution.

(e) Credit Unions:

It is a depository institution.

(f) Mutual Funds:

It is a Investment intermediary.

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