Depository institutions include ________.
A) banks, mutual funds, and insurance companies
B) banks, trust and mortgage loan companies, and credit unions
C) finance companies, mutual funds, and money market funds
D) pension funds, mutual funds, and banks

Question

Quizplus · Accepted Answer

Depository institutions are financial institutions that accept deposits from customers and hold them in accounts such as savings accounts and checking accounts. These institutions include banks, trust and mortgage loan companies, and credit unions. Finance companies, mutual funds, and insurance companies are non-depository institutions that do not accept deposits from customers. Pension funds and money market funds are also non-depository institutions.

Depository Institutions Include ________