Final answer:
The correct answer is option a. Jenny Craig's bank is a financial company due to its wide range of services including payment options, loans, investments, and more. Banks serve as financial intermediaries in the market, providing security and liquidity through FDIC insurance.
Step-by-step explanation:
Given that Jenny Craig's bank offers an array of services such as payment services, loan and insurance products, investments, credit cards, and online banking, it can be categorized as a financial company. The term 'financial' is frequently applied to institutions that provide a vast and varied range of monetary services, rather than those that are specialized in a single area like banking.
Banks operate as financial intermediaries, coordinating the supply and demand in the financial capital market. They provide accounts like checking accounts, savings accounts, and certificates of deposit, which make banks essential institutions for both savers and borrowers.
With the Federal Deposit Insurance Corporation (FDIC) in place, banks have added security against bank failure. This is crucial as it guarantees that customers' deposits are protected to a certain degree. Thus, within the financial sector, banks play a pivotal role by offering services that are comprehensive to individual customers and businesses alike.
According to the information provided, the complete scope of services identified makes Jenny Craig's bank qualify as a financial company, which is the correct option for the final answer.