Match the following non-bank financial intermediaries with the specific financial services or products they provide in the economy:
- Mortgage Finance InstitutionsMobilizing long-term savings to extend specialized loan facilities specifically for housing and real estate acquisition
- Insurance CompaniesUnderwriting risks and providing financial indemnity against specified contingent losses in exchange for premiums
- Discount HousesFacilitating short-term liquidity management by discounting government treasury bills and commercial bills
- Hire Purchase CompaniesFinancing the acquisition of capital goods or durable items repaid through periodic installment payments
Cevap
Mortgage Finance Institutions match with providing specialized loan facilities for real estate; Insurance Companies match with risk underwriting and financial indemnity; Discount Houses match with discounting short-term treasury and commercial bills; Hire Purchase Companies match with financing durable goods through periodic installment payments.
Each non-bank financial intermediary fulfills a distinct economic role: Mortgage Institutions provide housing credit, Insurance Companies underwrite risk, Discount Houses manage money market bill liquidity, and Hire Purchase Companies fund asset acquisition via installment plans.
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Anahtar Kavram
Specialized Functions of Non-Bank Financial Intermediaries