Question

Match the type of financial institution with the correct description of its activities

Answer 1

as I found, these are the options available to be matched.

Type of Financial Institution

• Commercial Banks
• Thrifts
• Insurance companies
• Mutual fund companies
• Pension funds
• Securities firms
• Investment Banks

Description

• JP Morgan Chase

• savings and loan associations and credit unions that offer checking and savings accounts

• offer policies where individuals pay a premium to insure against a loss of some kind

• Fidelity, Vanguard

• collect monthly payments from workers to buy stocks/funds with proceeds

• Smith Barney, Charles Schwab

• help corporations and governments raise money by selling stocks and bonds

Step-by-step explanation:

1. Commercial Banks > JP Morgan Chase
2. Thrifts > savings and loan associations and credit unions that offer checking and savings accounts
3. Insurance companies > offer policies where individuals pay a premium to insure against a loss of some kind
4. Mutual fund companies > Fidelity, Vanguard
5. Pension funds > collect monthly payments from workers to buy stocks/funds with proceeds
6. Securities firms > Smith Barney, Charles Schwab
7. Investment Banks > help corporations and governments raise money by selling stocks and bonds

good luck!