__________________ accept savings from individuals and then lend these pooled savings to businesses, governments, and individuals.

Question

Quizplus · Accepted Answer

Depository institutions, such as banks and credit unions, accept savings from individuals in the form of deposits and then lend these funds to businesses, governments and individuals in the form of loans. Insurance companies and commercial finance companies may also lend money, but they typically do not accept deposits from individuals as a primary source of funds. Investment banks may participate in lending activities, but they primarily work in the areas of securities underwriting, mergers and acquisitions, and other investment-related services.

__________________ Accept Savings from Individuals and Then Lend These Pooled