What is a purpose of a financial institution?

A.

buying back video games

B.

giving away money

C.

selling groceries

D.

lending money

B

Step-by-step explanation:

Giving away money because individuals loan dollars to other entitles at a a cost

D. lending money

Step-by-step explanation:

It depends on the institution. A "for profit" financial institution has the purpose of making money for its investors. To do that, it offers a variety of money-oriented services, some involving payments to customers (interest) and some involving charging customers for the service (fees or interest).

A service offered in the latter category is "lending money."

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A "not for profit" financial institution has the purpose of providing financial services to its members. Again, some of these services may involve payments to customers, and others may involve collecting interest or fees from customers. These institutions, too, offer the service of "lending money."

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Among the services a financial institution may offer that do not involve lending money are ...

checking accounts safe deposit boxes notary service brokerage service