The three types of institutions are economic institutions (such as banks and corporations), social institutions (such as family and education systems), and political institutions (such as government and legal systems).
The ten largest depository institutions in the world by total assets include companies like Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China, Bank of China, Mitsubishi UFJ Financial Group, JPMorgan Chase, HSBC Holdings, and BNP Paribas.
four types of diagnostic waves
shieldcomposite (Stratovolcano)cinder coneUnderwater
Ice cubes
Banks Savings and Loans Institutions Credit Unions
1. Bank industries 2.Insurance companies 3.Micro finance institutions
There are 3 types of finance companies. The first type is known as depository finance company the other one is investment financial institutions and finally the contractual institutions.
In 1994, federally insured depository institutions held $5 trillion in assets
Financial institutions are classified by the services they provide. They fall into two main groups: depository and non-depository institutions. Different types of financial institutions include commercial banks, credit unions, mutual savings banks, savings and loans, insurance companies, pension funds, finance companies, and mutual funds.
Non-depository institutions are nonbank financial institutions that do not have a banking license and cannot accept deposits from the public. Examples of non-depository financial institutions that play an essential role in modern finance are insurance companies, mutual fund companies, security brokers, pawn shops, finance companies, and pension funds. Non-depository financial institutions provide a wide variety of financial services to both individuals and businesses and provide an alternative route for funneling savings into capital investment. Non-depository financial institutions compete with banks (depository institutions) in offering financial services.
Depository institutions
the four main types of financial institutions are as follows public, semi-private, private and focused.
It stands for the Depository Institutions Deregulation and Monetary Control Act
Security
Depository institutions, such as banks, face risks including credit risk from loan defaults, interest rate risk affecting profitability, and liquidity risk if they cannot meet withdrawal demands. Non-depository institutions, like insurance companies or investment firms, encounter market risk from fluctuations in asset values, operational risk from internal processes, and regulatory risk due to changing compliance requirements. Both types of institutions must also manage reputational risks that can arise from customer dissatisfaction or financial mismanagement. Overall, effective risk management strategies are crucial for both to maintain stability and trust.
Depository institutions---is a financial institution (such as a savings bank, commercial bank, savings and loan association, or credit union) that is legally allowed to accept monetary deposits from consumers.It contribute to the economy by lending much of the money saved by depositors.financial non depository institutions are financial intermediaries that do not accept deposits but do pool the payments of many people in the form of premiums or contributions and either invest it or provide credit to others. Hence, nondepository institutions form an important part of the economy. These institutions receive the public's money because they offer other services than just the payment of interest. They can spread the financial risk of individuals over a large group, or provide investment services for greater returns or for a future income.Nondepository institutions include insurance companies, pension funds, securities firms, government-sponsored enterprises, and finance companies. There are also smaller nondepository institutions, such as pawnshops and venture capital firms, but they constitute a much smaller portion of sources of funds for the economy