Financial Institutions – Unit 4, 2026 – Lecture Notes and Study
Material
these depository inside do not have physical locations, and conduct all business with customers
online - correct answer ✔✔ web-only financial institutions
receive money from house holds like commercial banks, but use over 70 percent of their money
- correct answer ✔✔ savings and loans institutions
lease furniture, electronics, and other items to consumers who can own the items if they make
a certain number of payments (usually weekly or monthly) - correct answer ✔✔ rent-to-own
services
may offer cash advances, delayed deposit loans, and postdated check loans - correct answer
✔✔ payday loan businesses
offer individuals a loan based on value of the person's possessions, such as jewelry or other
items - correct answer ✔✔ pawnshops
receive their money from other sources than consumer deposits - correct answer ✔✔
nondepository institutions
owned by the individuals who can deposit their miney in the institution - correct answer ✔✔
mutual savings institutions
investment companies; they sell shares to individuals and pool funds to buy financial securities -
correct answer ✔✔ mutial funds companies
Material
these depository inside do not have physical locations, and conduct all business with customers
online - correct answer ✔✔ web-only financial institutions
receive money from house holds like commercial banks, but use over 70 percent of their money
- correct answer ✔✔ savings and loans institutions
lease furniture, electronics, and other items to consumers who can own the items if they make
a certain number of payments (usually weekly or monthly) - correct answer ✔✔ rent-to-own
services
may offer cash advances, delayed deposit loans, and postdated check loans - correct answer
✔✔ payday loan businesses
offer individuals a loan based on value of the person's possessions, such as jewelry or other
items - correct answer ✔✔ pawnshops
receive their money from other sources than consumer deposits - correct answer ✔✔
nondepository institutions
owned by the individuals who can deposit their miney in the institution - correct answer ✔✔
mutual savings institutions
investment companies; they sell shares to individuals and pool funds to buy financial securities -
correct answer ✔✔ mutial funds companies
