Take a look at the below options. Choose the right option that is not a common feature of a financial institution.
A. Paper checks
B. Access to atm
C. Access to investment products
D. Direct deposit
Answer:– “Access to investment products” is not a common feature of a financial institution.
Why the other options are the common feature of a financial institution?
Generally, financial institution refers to the Bank. Almost every bank offers the facility of paper checks, access to the ATM & direct deposit. But, banks don’t provide access to investment products.
Investment products are often associated with brokerage firms, investment banks, or specific financial institutions that focus on providing investment services. Traditional banks and credit unions may offer some investment options, but it is not universally considered a standard feature across all financial institutions.