Contractual savings institutions … their funds through long-term contractual arrangements.

Direct exchange of goods and services without the use of money is called … .

When money is used to intermediate the exchange of goods and services, it is performing a function as a … .

One of the important services provided by a financial institution is acting as … .

Insurance companies pool risk by collecting … from a large group of people who want to protect themselves.

A function of money that allows people to preserve value for future use is called a… .

… accept and manage deposits, pay interest and use deposits to make loans.