Management and Organizational Studies 1023A/B Study Guide - Final Guide: Canada Pension Plan, Asset Turnover, Financial Intermediary

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1023A/B
• Professor: Barry Hawn

Document Summary

Financial intermediaries: banks and other deposit-taking institutions, insurance companies, pension funds, mutual funds. Chartered banks take in deposits and make loans. Insurance companies take in insurance premiums and pay of when an incident, such as a death or ire occurs. Pension funds take in contributions and provide pension payments after plan members retire. Six biggest canadian chartered banks: rbc, canadian imperial bank of. Commerce, bank of nova scotia, toronto-dominion bank, bank of montreal, Canadian banks are involved in almost all areas of the inancial system. Core activity is to act as deposit takers and lenders: take in deposits from individuals and institutions and then lend the money to others as loans. Assets of the banks include consumer credit, loans, mortgage debt, as well as corporate inancing and foreign activities. Soundest banks in the world and recently have become paragons of prudence.