Large businesses in developed economies generally find it more efficient to enlist the services of a financial institution to raise capital. A set of highly efficient financial intermediaries has evolved. In recent years, regulations against diversification of institutions have been largely removed; and today the differences between institutions have become blurred. Still, there remains a degree of institutional identity among them.

Give the correct response to each of the following questions.

$1.$ Large conglomerates that combine many different financial institutions within a single corporation are known as

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$2.$ Organizations that underwrite and distribute new investment securities and help businesses obtain financing are known as

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$3.$ The traditional department stores of finance serving a variety of savers and borrowers are known as

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$4.$ Cooperative associations whose members are supposed to have a common bond are known as

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$5.$ Retirement plans funded by corporations or government agencies for their workers and administered primarily by the trust departments of commercial banks are known as

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There are some important distinctions among mutual funds.

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funds use a manager$$s expertise to outperform the overall markets.

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funds are designed to simply replicate the performance of a specific basket of stocks like the S&P $500.$ Both types of funds provide investors with valuable

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Many believe that insufficient supervision of the financial sector was partly responsible for the recent financial crisis. Consequently, Congress passed the

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Act. The legislation$$s main goals are to create a new agency for consumer protection, increase the transparency of derivative transactions, and force financial institutions to take steps to limit excessive risk$-$taking and to hold more capital.