Which of the Following is NOT a Common Feature of a Financial Institution?
Answer :
A. Access to investment products
B. Paper checks
C. Direct deposit
D. Access to ATM
Correct Answer - Access to investment products
Banks are considered the financial institutions of a nation as they provide financial facilities to all their clients. One of the most common features of these banks is that they provide accounts to everyone so that people can deposit their earnings safely. For a smooth flow of deposits and withdrawals, the banks provide chequebooks and other things such as ATMs and debit cards. However, access to investment products is not a standard feature of any bank, and neither do they provide any access to such products.
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