All of the Following Are Types of Financial Institutions EXCEPT

question 15

Multiple Choice

All of the following are types of financial institutions EXCEPT:

• A)insurance companies.
• B)pension funds.
• C)thrifts.
• D)federal reserve bank.

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Definitions:

Interstate Commerce

Economic activity or transactions that cross state borders or affect more than one state in the United States, regulated by the federal government.

Four Branches

Refers to the main divisions or areas of focus within a particular field or discipline, though the exact branches would depend on the context.

Natural Persons

Refers to human beings as individuals, endowed with rights and responsibilities under the law, distinguished from legal or artificial persons, such as corporations.

Reasonable Restrictions

Limitations that are considered fair or sensible, often applied in legal contexts to balance individual rights and societal interests.