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Which of the Following is Not a Common Feature of a Financial Institution?
A. Paper checks
B. Access to investment products
C. Access to ATM
D. Direct deposit
Answer: B. Access to investment products
Banks are offering financial services to all of their customers, they are the financial institutions of a nation. The fact that these banks offer accounts to everyone so that people can deposit their money safely is one of their most prevalent aspects. The banks supply cheque books along with other items like debit cards and ATMs to ensure a seamless flow of deposits and withdrawals. But ant banks don’t usually offer access to investment products, nor do they offer any kind of access to them.