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Financial Institutio
Match the features of the different financial institutions
Question | Answer |
---|---|
The government backs this organisation | National Savings and Investments |
This organisation has responsibilities for setting interest rates? | Bank of England |
Members are part owners of this institution | Building societies |
This is an advantage of a pension company | Provides a plan for retirement |
The customer often pays more back than borrowed to this institution | Payday loans |
This institution provides interest on credit balances on most type of accounts | Banks |
An advantage of this institution is that it allows customers to plan and make regular payments. | Pension companies |
This a not-for-profit organisation that handles financial transactions for its members | Credit unions |
A customer can take a piece of family jewellery to this institution and receive money for it with the intention of buying it back at a later date. | Pawnbrokers |