Question

Which of the following is Not a common feature of a financial institution

Answer 1

Access to investment products is not a common feature of a financial institution is not a common feature of a financial institution.

Explanation:

Usually, financial institutions can be grouped as commercial banks, investment banks, and insurance companies. Commercial banks offer products services to individual consumers like loans, accept deposits, Savings bank, and paper checks.  

Whereas Investment banks will not take any deposits but they help customers to invest in shares of companies, and they are generally known as mutual funds.  The access to investment products means the products offered to investors based on fundamental security or group of securities that are acquired with anticipation get a good return.