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Financial Institutions
Describe each of the following financial institutions. If it is a financial intermediary, describe
what type of liabilities it issues and who holds these liabilities, as well as what kinds of assets it
holds and who issued these assets. If it is not a financial intermediary, describe the role of the
institution in the financial system. .
(a) Savings and Loans
(b) Commercial Banks
(c) Money Market Mutual Funds
(d) Property and Casualty Insurance Companies
(e) Pension Funds
(f) Captive Finance Company
No Copy and Paste please
Solution
I think that (f) Captive Finance Company

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