Which of the following is NOT considered a type of financial institution?

Manufacturing companies are not considered a type of financial institution because they primarily focus on the production and sale of goods rather than providing financial services. Financial institutions, such as commercial banks, investment banks, and insurance companies, are organizations that primarily engage in activities related to managing money, lending, investing, and providing insurance. These institutions play a crucial role in the economy by facilitating financial transactions, providing loans, and offering investment opportunities, whereas manufacturing companies are involved in the industrial sector, concentrating on producing physical products. This distinction highlights why manufacturing companies fall outside the definition of financial institutions.