Q174
Saving banks, insurance companies, mutual funds and commercial banks are all examples of
A.
non-financial institutions
B.
derivative institutions
C.
financial institutions
AnswerD.
payable institutions
Answer: Option C
Solution
Answer: Option C
Solution:
Saving banks, insurance companies, mutual funds and commercial banks are all examples of financial institutions. A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.