dealing with financial transactions, such as investments, loans and deposits. Conventionally, financial institutions are composed of organizations such as banks, trust companies, insurance companies and investment dealers. Almost everyone has deal with a financial institution on a regular basis. Everything from depositing money to taking out loans and exchange currencies must be done through financial institutions.

Your task: explain (by your own words) the meaning of the following financial institutions. You can use any information resources you wish as long as you wont plagiarize. (NO copy & paste). http://www.investopedia.com/ will provide you with great help.

Last advice: DO IT BY YOUR OWN UNDERSTANDING

Commercial Banks - Savings and Loans

Credit Unions

Savings banks

Mutual Funds

Pension Funds