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Financial Institutions

Describe each of the following financial institutions. If it is a financial intermediary, describe what type of liabilities it issues and who holds these liabilities, as well as what kinds of assets it holds and who issued these assets. If it is not a financial intermediary, describe the role of the institution in the financial system. .

(a) Savings and Loans

(b) Commercial Banks

(c) Money Market Mutual Funds

(d) Property and Casualty Insurance Companies

(e) Pension Funds

(f) Captive Finance Company

Reference no: EM13734509

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