Sure, here are the roles of the mentioned financial institutions:

(a) Commercial Bank: Commercial banks accept deposits and provide security and convenience to their customers. They also provide loans, credit, and payment services, such as checking accounts, money orders, and cashier's checks.

(b) Stock Exchange: A stock exchange provides a platform where stock brokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments.

(c) Share Market: The share market is where shares are either issued or traded in. It plays a crucial role in an economy as it provides companies with access to capital in exchange for giving investors a slice of ownership.

(d) Credit Union: Credit unions are member-owned financial cooperatives that aim to provide credit at competitive rates and other financial services to their members.

(e) Development Bank: Development banks provide medium and long term capital for productive investment, often accompanied by technical assistance.

(f) Insurance Company: Insurance companies collect premiums to provide protection against a certain kind of risk (health, life, property etc.). They invest the funds securely, so it can grow, and pay out when there’s a claim.

(g) Mutual Fund: Mutual funds pool money from the investing public and use that money to buy other securities, usually stocks and bonds. The value of the mutual fund company depends on the performance of the securities it decides to buy.

(h) Building Society: Building societies are mutual organizations owned by their members that offer banking and related financial services, especially savings and mortgage lending.

(i) Investment Trust Company: Investment trusts are closed-end funds and are constituted as public limited companies. They provide a way of investing in shares for people who can afford to take higher risks.

(j) Pension Fund: Pension funds are pools of contributions to a pension plan that are invested on behalf of plan members. The goal is to grow the pool of money so that it can pay out a steady income to retirees.

Question

Sure, here are the roles of the mentioned financial institutions:

(a) Commercial Bank: Commercial banks accept deposits and provide security and convenience to their customers. They also provide loans, credit, and payment services, such as checking accounts, money orders, and cashier's checks.

(b) Stock Exchange: A stock exchange provides a platform where stock brokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments.

(c) Share Market: The share market is where shares are either issued or traded in. It plays a crucial role in an economy as it provides companies with access to capital in exchange for giving investors a slice of ownership.

(d) Credit Union: Credit unions are member-owned financial cooperatives that aim to provide credit at competitive rates and other financial services to their members.

(e) Development Bank: Development banks provide medium and long term capital for productive investment, often accompanied by technical assistance.

(f) Insurance Company: Insurance companies collect premiums to provide protection against a certain kind of risk (health, life, property etc.). They invest the funds securely, so it can grow, and pay out when there’s a claim.

(g) Mutual Fund: Mutual funds pool money from the investing public and use that money to buy other securities, usually stocks and bonds. The value of the mutual fund company depends on the performance of the securities it decides to buy.

(h) Building Society: Building societies are mutual organizations owned by their members that offer banking and related financial services, especially savings and mortgage lending.

(i) Investment Trust Company: Investment trusts are closed-end funds and are constituted as public limited companies. They provide a way of investing in shares for people who can afford to take higher risks.

(j) Pension Fund: Pension funds are pools of contributions to a pension plan that are invested on behalf of plan members. The goal is to grow the pool of money so that it can pay out a steady income to retirees.

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