The main function of financial institutions is to
offer trust services.
create money.
provide loans to small businesses.
offer chequing and savings accounts.
facilitate the flow of money from sectors with surpluses to those with deficits.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q42: The principal source of short-term loans for
Q43: Canada has a _ banking system.
multi-sectoral
governmental
unitary
bilingual
branch
Q44: The prime rate of interest is the
Q45: Terri will be going to Ireland next
Q46: Deregulation of banks has caused banks to
decrease
Q48: The interest rate available to a bank's
Q49: Which of the following is correct regarding
Q50: When credit and debit card information is
Q51: A _ is a privately owned, profit-seeking
Q52: Canadian Heritage, an investment company that groups
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents