Saving banks, insurance companies, mutual funds and commercial banks are all examples of

A. non-financial institutions

B. derivative institutions

C. financial institutions

D. payable institutions

Answer: Option C

Solution(By Examveda Team)

Saving banks, insurance companies, mutual funds and commercial banks are all examples of financial institutions. A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.