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- Which of the following is NOT TRUE about Insurance companies? *a. They are non-depository institutions that does not accept deposits.b. Collects deposits like banks and reinvests them in profitable financial securities.c. Collects premiums from clients for payment of policies.d. Clients transfer risks to insurance companies in exchange for premiums paid.e. None of the choices.explain the functions performed by financial intermediaries and how they can promote economic efficiency in financial markets.Outline and critically evaluate the main arguments in the literature on bank competition and excessive risk taking by banks
- Explain how financialinnovation led to thegrowth of the shadowbanking systemBanks make more money from securitising pools of mortgages rather than holding on to individual mortgages. True or False? explainIn general, ordinary people only know that bank products and services are limited to conventional savings and loans, even though there are many more. There are many interesting banking products that can be used, including Islamic bank products or Islamic banking products that have not been widely known by the public. Currently, there are several types of Islamic bank products that are tailored to the needs and developments of the times. It should be noted that Islamic banks do not only serve hajj savings or umrah savings, but there are also several other products, including business capital loans. Explain what you know about Islamic products