FSC521 : Financial Institutions and the Tax System - Range of Providers - Economics Assignment Help

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Assignment Task :

Learning outcomes 

This assignment assesses the following learning outcomes: 

• Describe financial markets and systems, including the specific roles of key market participants. 

• Analyse how key factors in the economic environment impact participants in the financial services sector.

 

Task 1: Financial institutions and the tax system 

Sanjay currently earns $95,000 per annum and his total income has exceeded $90,000 for the past two years. He has inherited $50,000 and wants to place the money on term deposit for 12 months. He’s asked you for advice on the range of financial institutions that offer this product. 

a) To illustrate the range of providers for Sanjay: 

• Select three different types of financial institution currently operating in the New Zealand financial services industry that Sanjay can place his money on term deposit with. 

• For each financial institution, state their name and type of financial institution, and provide a link to the page promoting term deposits. 

• Discuss the similarities and differences between the three financial institutions you selected in terms of: 

  •  their structure/ownership 
  •  how they’re regulated 
  •  the services they provide. 

 

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