A researcher compares four financial institutions.
| Institution | Ownership | Main activities |
|---|---|---|
| P | Investors who hold shares | Holds deposits, processes payments and lends to households and firms |
| Q | Customers who save with it or borrow from it to buy a home | Provides savings accounts and lends mainly for home purchases |
| R | The state | Holds government accounts and can lend to banks unable to borrow elsewhere |
| S | Investors who hold shares | Collects payments for cover and pays customers who suffer a stated loss |
State which institution is a building society.
Explain one reason why the information in the table supports your answer to (a).
82 exam-style questions on OCR GCSE Economics 2.8 The role of money and financial markets, covering 2.8.1 Money as a medium of exchange, 2.8.2 Role of the financial sector, 2.8.3 Importance of the financial sector, 2.8.4 Interest rates and saving, borrowing, investment, and 2.8.5 Effect of interest rate changes. Each one has a worked solution and a mark scheme showing where the marks go.