Which of the following institutions is NOT a depository institution?
A) a thrift institution, such as a savings and loan association
B) the U.S. Treasury
C) a money market mutual fund
D) a commercial bank

Question

Quizplus · Accepted Answer

Depository institutions are financial institutions that accept deposits from customers, such as individuals and businesses. They include thrift institutions, commercial banks, and credit unions. The U.S. Treasury is a government entity, not a financial institution that accepts deposits. Money market mutual funds are also not depository institutions, as they are investment vehicles that invest in short-term debt securities.

Which of the Following Institutions Is NOT a Depository Institution