Near banks are defined as ________.
A) banks, brokers, and credit unions and caisses populaires
B) banks and trust and mortgage loan companies
C) trust and mortgage loan companies, and credit unions and caisses populaires
D) trust and mortgage loan companies, and brokers

Question

Quizplus · Accepted Answer

Near banks are financial institutions that are not technically banks, but offer similar services such as lending and investing. Trust and mortgage loan companies, as well as credit unions and caisses populaires, fall under this category. Brokers, while offering financial services, are not considered near banks. Therefore, the best choice is C.

Near Banks Are Defined as ________