A financial institution which uses its capital strength to acquire controlling interests in other firms can be regarded as a?

Assessment: JAMB UTME - Commerce - 2006 Subject: Commerce

Question 1 Report

A financial institution which uses its capital strength to acquire controlling interests in other firms can be regarded as a?
Answer Details
A financial institution which uses its capital strength to acquire controlling interests in other firms can be regarded as a "holding company". A holding company is a company that owns enough voting shares in another company to control its operations and management. It does not usually produce goods or services of its own but instead exists to hold shares of other companies. Holding companies may also provide management and administrative services to their subsidiaries.
Read lesson note on Finance And Financial Institutions (WAEC)
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