Types of Financial Institutions

What low-cost financial institutions are open only to workers of the group who sponsor them?

• Commercial banks

• Credit unions

• Savings and loan associations

• Central bank

Which financial institution is MOST LIKELY to require membership and offer low loan rates to its members?

• savings and loan

• credit union

• retail store

• bank

Choose two answers. Jeff wants to open a basic savings account. He should go to which two types of financial institutions to open the account.

• a financial services company

• a commercial bank

• an insurance company

• a trust company

• a credit union

Which financial institution is owned by its members?

• financial service company

• savings and loan association

• commercial bank

• credit union

Which financial institutions offers checking accounts?

• financial service company

• savings and loan association

• commercial bank

• credit union

Non-state institutions play a very important role in people’s daily lives. Which non-state institution helps people acquire money or property in order to start a

business?

• Banks

• Cooperatives

• Corporations

• Trade Unions

Which type of financial institution is primarily responsible for controlling a country's monetary policy?

• A) Commercial bank

• B) Credit union

• C) Central bank

• D) Savings and loan association

What type of financial institution is known for providing loans to individuals and businesses, often with a focus on real estate?

• A) Investment bank

• B) Savings and loan association

• C) Credit union

• D) Central bank

Which financial institution is typically involved in underwriting and issuing new securities?

• A) Commercial bank

• B) Investment bank

• C) Credit union

• D) Central bank

What type of financial institution is owned by its depositors and often offers higher interest rates on savings?

• A) Commercial bank

• B) Credit union

• C) Investment bank

• D) Central bank