Types of Banks

Which type of bank oversees a country's monetary policy and acts as the lender of last resort?

• Retail and Commercial Banks

• Central Banks

• Credit Unions

What type of financial institution offers services such as savings accounts, loans, and mortgages to individuals and small businesses?

• Savings and Loan Associations

• Investment Banks and Companies
  

• Retail and Commercial Banks

Which bank operates on a nonprofit basis and often serves specific community groups?

• Savings and Loan Associations

• Credit Unions

• Mortgage Companies

What type of bank specializes in providing mortgage loans and accepts savings deposits?

• Investment Banks and Companies

• Mortgage Companies

• Savings and Loan Associations

Which financial institution assists corporations and governments in raising capital through underwriting securities offerings?

• Insurance Companies

• Investment Banks and Companies

• Brokerage Firms

Which bank facilitates the buying and selling of securities on behalf of investors?

• Retail and Commercial Banks

• Brokerage Firms

• Central Banks

What type of institution provides insurance products to protect against financial losses?

• Insurance Companies

• Mortgage Companies

• Credit Unions

Which bank specializes in providing home loans and plays a crucial role in the housing market?

• Central Banks

• Mortgage Companies

• Retail and Commercial Banks