The primary function of non-bank financial institutions is to

  • A manage investment portfolios for government
  • B mobilize savings for investment
  • C grant loans to banks
  • D receive deposits from banks

The correct answer is B. mobilize savings for investment

Non-bank financial institutions play a crucial role in the financial system by mobilizing savings from individuals and institutions and channelling these funds into various investment opportunities.

They provide an alternative source of funding and investment options outside of traditional banks.

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