A. non-financial institutions
B. derivative institutions
C. financial institutions
D. payable institutions
✅ The correct answer is option C.
Saving banks, insurance companies, mutual funds and commercial banks are all examples of financial institutions. A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.
Saving banks, insurance companies, mutual funds and commercial banks are all examples of financial institutions. A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.