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Match each type of financial institution with its correct description.

asset management firm
stock brokerage firm
building society
trust company
is owned by its members and provides banking services
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acts as a fiduciary and handles custodial asset arrangements
arrowRight
invests people's funds in financial assets
arrowRight
trades securities and makes money from commissions

User Mannaroth
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2 Answers

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building society: is owned by its members and provides banking servic

trust company: acts as a fiduciary and handles custodial asset arrangements

asset management firm: invests people's funds in financial assets

stock brokerage firm: trades securities and makes money from commissions

User Jemima
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Answer:

Assets management firm - It invest the funds of people in the financial assets.

Building Society - It is owned by the members and also offers the banking services.

Stock Brokerage firm - It is the one which trades the securities and makes the money from the commissions.

Trust Company - It is that company, which acts as a fiduciary and handles the custodial assets arrangements.

Step-by-step explanation:

Assets management firm is the kind or type of the firm, who invests the funds (that is pooled) from the customers, and then put the capital into different investments such as the real estate, bonds or stock.

Building Society - It is kind of financial institution which offer the banking as well as other financial services to its members. It is similar to the credit unions in U.S (United States), which wholly owned by the members.

Stock Brokerage Firm - These are those firms or the financial institutions which help the people or individual to sell and buy the securities and from that the firm earn commissions.

Trust Company - It is an entity which is legal and acts as a fiduciary or a trustee on support of the business for the motive of management, and administration.

User Cyphorious
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