Drag the tiles to the correct boxes to complete the pairs.

Question

Match each type of financial institution with its correct description.
asset management firm
stock brokerage firm
building society
trust company
is owned by its members and provides banking services
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acts as a fiduciary and handles custodial asset arrangements
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invests people's funds in financial assets
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trades securities and makes money from commissions
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Answer 1

Here’s the correct pairing of each type of financial institution with its description:

1. Building society
   description: is owned by its members and provides banking services

2. Trust company
   description: acts as a fiduciary and handles custodial asset arrangements

3. Asset management firm
   description: invests people's funds in financial assets

4. Stock brokerage firm
   description: trades securities and makes money from commissions