INSTITUTIONS SERVING AS LINKS BETWEEN SURPLUS AND DEFICIT UNITS CAN BE IDENTIFIED AS
A. tax officers B. pension offices C. financial intermediates ✓ D. acceptance houses The answer to the question is: C. financial intermediates Financial intermediaries can be identified as institutions that serve as links between surplus and deficit units in an economy. These intermediaries play…
A COMPREHENSIVE GUIDE TO WEST AFRICAN TRADITIONAL POLITICAL INSTITUTIONS
Chieftaincy Chieftaincy is an important aspect of West African traditional religion. In many West African societies, a chief is considered to be the head of the community and is responsible for the social, political, and religious affairs of the community.…
MONEY MARKET
Money market can be defined as a market for short-term loan. The market consists of institutions or individuals who either have money to lend or wish to borrow on a short-term basis. Instruments used in the money market Treasury…
MORTGAGE BANKS
Mortgage banks are financial institutions that specialise in granting loans to individuals and corporate bodies for building purposes. Such loans are repaid by instalments and can be spread over several years. Mortgage banks accept deposit from the investing public at…
MEANING OF FINANCIAL INSTITUTIONS
Financial institutions refer to all business organisations which hold money for individuals and institutions and may borrow from them in order to give loans or make other investments. Financial institutions are very important for the economic development of a nation.…
Study Guide
