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Financial Institution Institution Type Description They accept deposits from surplus units and make loans to...

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Accounting

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Financial Institution Institution Type Description They accept deposits from surplus units and make loans to and purchase debt securities from deficit units. They utilize the federal funds market to loan funds to other financial Institutions and are regulated by the Federal Reserve. They are known for concentrating on business loans. commercial banks credit unions Insurance companies mutual funds They are established by an employer to facilitate and organize employee retirement funds. They are asset pools that invest in securities and manage the assets until individuals withdraw the money from their retirement accounts. pension funds savings institutions They can act as brokers, dealers, underwriters, and advisors. securities firms They collect a pool of funds from surplus units to purchase a portfolio of securities. They allow small savers, with limited funds, to invest in a widely diversified portfolio of securities

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