The saving banks, insurance companies, mutual funds and commercial banks are all examples of ____________?
Correct answer: C. financial institutions
- A. non-financial institutions
- B. derivative institutions
- C. financial institutions
- D. payable institutions
Explanation
Saving banks, insurance companies, mutual funds, and commercial banks all collect, manage, or transfer funds within the financial system, making them financial institutions. They are not non-financial or derivative institutions.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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