Which of the Following is NOT a Common Feature of a Financial Institution?

Which of the Following is NOT a Common Feature of a Financial Institution?

A. Access to investment products

B. Paper checks

C. Direct deposit

D. Access to ATM

Answer –  A. Access to investment products.

The access gained by individuals towards the different investment products cannot be considered as a common feature that is depicted by the financial institutions. The investment companies can handle the access towards different bonds, stocks, securities and the mutual funds. However, the financial institutions can also provide different advisory services with the aim of helping the clients for making the informed decisions related to effective investments. The most common features of financial institutions are related to the activities like paper checks, deposits and access that can be provided towards the ATMs. The features that are offered by the financial institutions can play an important role in ensuring that the customers can proper access towards different services that are offered by the institutions. The financial institutions play an important role in supporting the consumers to complete the different activities like borrowing, saving and investing.

The financial institutions, investment firms, insurance companies and the banks are considered to be the most significant parts of the overall, global economy. The different transactions like lending and protecting the assets are mainly completed by the consumers based on the help that is provided by the financial institutions. The operations and the characteristics of financial institutions are considered to be important knowledge that can be gained by finance professionals for improvement of the usage of financial system. The proper usage of financial institutions is mainly related to the proper identification and explanation of different features that are not quite common among the consumers. Financial services are mainly provided to the businesses and individuals to the consumers and these can include different investments, risk management activities and the transactions. The financial institutions thereby play the most important role as the middlemen between the savers and the borrowers who require the funds related to completion of different purposes. Financial institutions have the ability of controlling the proper supply of money within the economy that helps in controlling the levels of inflation. The major roles of financial institutions that are discussed as a part of the provided options include paper checks, direct deposit and the access to ATMs. The fourth activity is however not a part of the responsibilities that are fulfilled by financial institutions.