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Select the term that corresponds to each of the given descriptions. ( Note: There is only one possible answer for each description. ) Descriptions Terms
Select the term that corresponds to each of the given descriptions. Note: There is only one possible answer for each description.
Descriptions
Terms
This institution was originally created to collect the small deposits of individual savers and to make
longterm home loans back to these customers.
This institution has always been considered to be the "department store of finance" due to the wide
range of products and services offered.
This institution operates as an investment company that accepts money from savers and pools these
funds to buy a variety of financial assets for example, stocks and bonds
This form of financial intermediary is usually administered by the trust departments of commercial
banks or by life insurance companies.
This institution was originally created to develop pools of savings that could be used to provide
temporary credit to neighboring farmers who suffered due to crop failures or similar catastrophes.
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