In an economic system, non-bank financial intermediaries perform specialized roles to mobilize savings and allocate capital without creating demand deposits. Match each financial institution listed below with its primary economic function.
- Pension Fund AdministratorsMobilizing compulsory and voluntary retirement savings to invest in long-term capital assets.
- Building SocietiesAccumulating deposits from members specifically to grant long-term mortgage loans for housing.
- Insurance CompaniesCollecting regular premiums to pool financial risks and indemnify policyholders against contingent losses.
- Unit TrustsPooling resources from small individual investors to purchase a diversified portfolio of stock and bond securities.
Cevap
Pension Fund Administrators match with mobilizing retirement savings for long-term capital assets; Building Societies match with accumulating deposits for long-term mortgage loans; Insurance Companies match with collecting premiums to pool risks and indemnify policyholders; Unit Trusts match with pooling resources from small investors to purchase a diversified securities portfolio.
Each non-bank financial intermediary serves a distinct role in non-bank financial intermediation: Pension Fund Administrators accumulate long-term retirement savings; Building Societies focus on housing mortgage financing; Insurance Companies pool risks to offer loss indemnification; and Unit Trusts aggregate small savings to buy a diversified investment portfolio.
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Specialized Functions of Non-Bank Financial Intermediaries
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