Question

Discuss the role of depository & non depository institutions for contributing in growth of financial
institutions?​

Answer 1

Answer:

Role of depository institutions:-

They provide safe keeping services they provide payment system like checks and electronic funds they pool the money of many savers and lend it out for businesses.

Role of non depository institutions:-

They provide insurance policies and spread awareness about risk of large groups provides investment for future income. This includes insurance companies, government sponsored enterprises, security firms etc.

Hope it helps.