Financial Institutions Flashcards
1
Q
Financial institutions: Banks
A
Retail banks like ANZ that offer loans and mortgages to businesses
2
Q
Financial institutions: Investment banks
A
Banks that offer further services like derivatives or who buy debentures
3
Q
Financial institutions: Finance companies
A
E.g. factoring and leasing companies that specialise in funding
4
Q
Financial institutions: Superannuation funds
A
Pension companies who are institutional investors in business
5
Q
Financial institutions: Life insurance companies
A
Institutional investors who invest insurance premiums in shares
6
Q
Financial institutions: Unit trusts
A
Pooled investment funds who buy shares on behalf of investors
7
Q
Financial institutions: Australian Securities Exchange (ASX)
A
The stock market where shares are bought/sold
