________ are the most diversified of depository institutions and ________ are on average the largest depository institutions.

Question

Quizplus · Accepted Answer

Commercial banks are the most diversified of depository institutions because they offer a wide range of services such as accepting deposits, making loans, issuing credit cards, and offering investment services. They are also on average the largest depository institutions in terms of assets under management. Savings institutions, on the other hand, are specialized depository institutions that focus primarily on accepting deposits and making mortgage loans. Credit unions are member-owned financial cooperatives that offer many of the same services as banks, but are typically smaller in size compared to commercial banks.

________ Are the Most Diversified of Depository Institutions and ________

Are the Most Diversified of Depository Institutions and