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Which of the Following is NOT a Common Feature of a Financial Institution?

Brief :

Answer :

A. Paper checks

B. Access to investment products

C. Direct deposit

D. Access to ATM 

The correct answer would be option A, Access to investment products.


Financial institutions, commonly represented by banks in various countries, play a vital role in offering financial services to clients. These institutions typically share the common functions such as providing individuals with accounts for secure money deposits, furnishing them with checkbooks for withdrawals and other financial transactions, To ensure seamless transactions, banks furnish clients with essential tools such as chequebooks, ATMs, and debit cards. It's important to note that access to investment products is generally not a widespread feature of banks. Unlike other financial entities specialized in such offerings, banks traditionally do not emphasize providing access to investment products as part of their standard services.

Students also read: Explain the Purposes and Principles of Independent Advocacy

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