Private Financial Institutions CE.12e

Which type of private financial institution is created for members and is non-profit?

• credit union

• bank

• savings and loan

• internet bank

Select all of the financial institutions-

• bank

• brokerage firm

• savings and loan

• credit union

• federal reserve system

How does a financial institution encourage savings?

• pay interest

• give away free prizes

• advertisements

• provide a safe place to keep your money

Private financial institutions act as intermediaries between savers and --?

• borrowers

• the government

• taxation

• businesses

What do financial institutions do with your deposits?

• make loans

• put it in their vault

• place it in other banks for safe keeping

• keep it in security boxes

What picture best represents financial capital?

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