Question

Choose all that apply. The main types of financial institutions are

1)savings and loans
2)banks
3)stock firms
4)financial advisors
5)credit unions


isn't it 2,5,3,

Answer 1

1) Savings and loans, 2) banks, 5)credit unions,

Step-by-step explanation:

Bank:

• A safe place to keep your money, jewels

• It is both business and financial institution

Credit Union:

• A non-profit financial institution
• Formed by by large organization

Savings & loans:

• Experts in providing loans
• Takes care of all type of loans
• Once again, a financial institution

Financial institution:

• Collects, invests money
• Offer variety of financial services