The initial capital that is required to obtain loans from the financial institutions is called
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Various types of financial institutions are as follows:
Commercial Banks.
Credit Unions.
Stock Brokerage Firms.
Asset Management Firms.
Insurance Companies.
Finance Companies.
Building Societies.
Retailers.
Commercial Banks.
Credit Unions.
Stock Brokerage Firms.
Asset Management Firms.
Insurance Companies.
Finance Companies.
Building Societies.
Retailers.
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Answer:
Explanation:
A mortgage is an initial capital that is required to obtain loans from financial institutions.
Mortgage works as the security for the amount of the loan taken by the customer/ consumer.
This security can be personal property, assets or any legal papers.
The loan can be taken by any commercial or retail banks, central banks, etc.
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