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of Fire × MindTap-Cengage Learning CSecure https//ng.cengage.com/static/nb/uiindex html?nbld-8511058nbNodeld 3280866068 MINDTAP Assignment 02-Financial Markets and Institutions Back to Assignment Attempts Average: /3 3. Financial institutions Several market partidpants interact in developed markets to organize the exchange of funds from buyers to sellens Such institutions as investment banks, commercial banks, financial services corporations, credit unions, pension funds, life insurance companies, mutual funds, exchange traded funds, hedge funds, and private equity companies play a key role in facilitating these transfers Identify the financial institution based on each description given in the following table Description Financial Institution [ These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising They are owned by members so that members can share fundsD among themselves. Members who save deposit the funds. These funds are then loaned to members who need the funds. They are a pool of assets that trade like stocks on an exchange. They track a group of stocks, such as all stocks in an index or stocks of companies in emerging markets. Continue without saving

Explanation / Answer

Financial services corporations: It is basically a holding company whose subsidiaries may be investment banking companies, commercial banking companies etc.

Credit union: they run on basis of co-operation of members and is managed by the members, receives money from members and lends them only to members.

Exchange traded funds derive their value from any stock index , commodity price etc, they do trade like stocks on stock exchanges.

description financial institution These financial conglomerates provide a range of services such as investment banking, commercial banking and financial advising Financial service corporations They are owned by members so that members can share funds among themselves, members who save deposit the funds. These funds are then loaned to members who need the funds Credit unions They are a pool of assets that trade like stocks on an exchange. They track a group of stocks such as all stocks in an index or stocks of companies in emerging markets Exchange traded funds

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