Which of the Following is Not a Common Feature of a Financial Institution? There are some options:
A) Paper checks
B) Access to atm
C) Access to investment products
D) Direct deposit
The correct answer is “C”: Access to investment products.
Which of the Following is Not a Common Feature of a Financial Institution?
Access to investment products is the correct answer:
Access to investment products: Several types of investment goods, like mutual funds, certificates of deposit (CDs), and retirement accounts, are often available from banks to help people get rich. As a result, investment advice accessibility is not a standard provision across all financial institutions.
Tests, quizzes, and trivia games frequently include general knowledge questions to gauge a person’s general awareness and comprehension of the world. Building and retaining good general knowledge requires being well-read, interested, and up-to-date on current affairs.
Good general knowledge typically encompasses a wide range of topics, enabling one to participate in various facets of society, hold meaningful conversations, and make educated judgments. One can obtain general knowledge from schooling, reading, observation, and a variety of life events.
FAQs
What are the common features of a financial institution?
Banks, credit unions, insurance companies, and investment firms are some of the most popular types of financial institutions.
What are three common financial institutions?
These include credit unions, thrifts (which include savings and loan associations and savings banks), commercial banks, and common financial institutions.
Which of the following are features to consider when selecting a financial institution?
When choosing a financial institution, take into account the following aspects:
- Security.
- Bank Fees.
- Interest Rates.
- Location.
- Ease of Deposit.
- Digital Banking.
- Minimum Requirements.
- Availability of Funds.
What are the main types of financial institutions _____?
Central banks, retail and commercial banks, and Internet banks are the main categories of financial institutions.
