Explain the five kinds of Non Depository Institutions

1.Finance Companies

2.Mutual Funds

3.Securities Firms

4.Insurance Companies

5.Pension Funds

Be sure to explain with examples what they are and their functions is 3 TO 4 Lines only

…………………..Answer Preview…………………

Non depository institutions are institutions that do not take monetary deposits for their customers. This means that a customer cannot deposit or open an account with such institutions for the purpose of storing money.

Finance Companies

The first kind of such institution is finance companies. These are companies that conduct financial transactions such as loans and other investments with their customer’s money. A good example of such a company are….

APA

398 words