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which of the following is not a common feature of a financial institution?
Paper checks

Access to atm

Access to investment products

Direct deposit

Respuesta :

fatimakincsem

Answer:

The correct answer would be option C, Access to investment products.

Explanation:

Financial Institutions are usually the Banks in all countries. Banks provide financial facilities to the clients. The most common functions or features of a bank or financial institution are to provide accounts to people to deposit their money, Give them check books to withdraw their money and do other financial things, Access to ATM, and many more. But access to investment products is usually not the common feature of any bank. Banks usually do not provide access to the investment products. So option C is the correct answer.

Tundexi

Financial institution is used to describe companies which engaged in financial or monetary transactions like deposits, loans, investments, currency exchange, insurance cover etc.

  • All financial institution does facilitate Direct deposit for various purpose.

  • Only banks provide access to ATM, Insurance companies, Mortgage companies, Stock brokers does not provides this access.

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

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