It is a traditional economic system where people traded goods.

It includes the combination of several entities, institutions, agencies, decision-making processes and patterns of consumption

It is a type of economic system based on the culture or customs of a particular group.

It is a type of economic system where the government answers the questions of production and other economic questions.

It is a type of economic system where there is no regulation coming from the government and individuals have control of everything.

It is a type of economic system which is determined partly by the purchasing power of the people and partly by government preference.

All of the following are considered as the three economic problems except:

It is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

It refers to the money an investor transfers into a savings or checking account held at a bank or credit union.

It encompasses a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers.

It is a thing that is borrowed, especially in a sum of money that is expected to be paid back with interest.

It is a legal business that has the legal right to exchange one currency for another to its customers.

It means that an asset is bought or a money is put into a bank to get a future interest from it.

These are structured by the type of client and the complexity of their needs.

All of the following are main categories of financial institutions except:

They oversee and manage all banks in their respective country and set monetary policies.

They provide products and services to individual consumers.

They work with businesses to serve their financial needs.

They operate in the capital markets to help clients raise their capital through underwriting and issuances of securities.

The services offered by this banking institution are for those clients whose needs are even more complex than in commercial banking.

It has facilities and other assets in at least one country other than its home country.

It is a type of Multinational Corporation with a strong presence in its home country.

It is a type of Multinational Corporation that uses all the three other categories of Multinational Corporations

It is a Multinational Corporation that builds on the present corporation’s R&D.

It is a type of Multinational Corporation that acquires cost advantage where cheap resources are available.

It is a legal entity that acts as an agent or trustee on behalf of a person or business entity for the purpose of administration, management, and the eventual transfer of assets to a beneficial party.

It is a professionally managed investment fund that pools money from many investors to purchase securities.

These are not-for-profit financial cooperative associations where large numbers of people are voluntarily associated with saving and borrowing services.

They accept saving to provide pension and other kind of retirement benefits to the employee of the government units and other corporations.

The economic system today is much more complicated than in the past.

In a Market economy, consumers’ satisfaction is high and people need to consider the government preference.

The traditional Economy discourages new ideas and the standard of living does not go up.

A Brokerage is a corporation or a trust in which individuals invest in diversified, professionally managed portfolios of securities by pooling their funds with those of other investors.

Investment Company acts as an intermediary between buyers and sellers to facilitate securities transactions

An insurance Company is represented by a policy and provides an entity or individual with financial protection or reimbursement against any losses that may occur.

An Insurance Company is instrumental as a means of protection of financial losses.

A trust company or trust department is usually a division or an associated company of a commercial bank.

A financial institution is an institution that provides financial services for its clients or members such as investments, loans, and deposits.

A brokerage firm serves a clientele of investors and employs a number of stockbrokers through whom they trade public stocks and other securities.

A discount brokerage charges less money than the traditional brokerage and here clients conduct trades via computerized trading systems.

Full-service brokerages offer estate planning services, tax advice, and consultations.

Deposit-taking institutions accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies.

Commercial banks make loans that individuals and businesses use to buy goods or expand business operations.

Banks also serve often under-appreciated roles as payment agents within a country and between nations.

A financial intermediary performs a variety of services for businesses and some governments.

There are a number of insurance policies; however, the most important ones are health insurance, life insurance, home insurance, and vehicle insurance.

Some of the services offered by the credit unions are online banking, savings accounts, checking accounts, credit cards, and certificates of deposit.