Answered

A financial institution that invests customers' deposits is called a(n):
A. fractional reserve institution.
B. depository institution.
C. investment institution.
D. contractual institution.

Answer :

HANNAH31804GO

Answer:

C is indeed correct

Explanation:

Took the same test

A financial institution that invests the customer's deposits is called an investment institution. Thus option C is correct.

What is an investment institution?

An investment institution is a company or an organization that invests money on behalf of the people.  Mutual funds and insurance companies are some examples.

They often buy and sell blocks of stocks, bonds, and securities. This forms a legal entity that gathers funds from several investors in various financial instruments.

Find out more information about the finiancal institutions.

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