Question

In: Economics

How do each of the following types of companies compete with banks in obtaining funds and...

How do each of the following types of companies compete with banks in obtaining funds and making investments: (a) credit unions; (b) finance companies; (c) mutual fund companies; (d) pension fund companies; and (e) insurance companies?

Solutions

Expert Solution

Finance companies compete with banks in obtaining funds and making investments.Finance firms have also started offering services similar to that of a bank's like loans, investment plans, mortgages etc.

Answer-B


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