_____ institutions obtain funds primarily by accepting customer deposits.
A) Investment
B) Depository
C) Finance
D) Underwriting
E) Central banking

Question

Quizplus · Accepted Answer

Depository institutions are banks and credit unions that obtain funds primarily by accepting customer deposits. These deposits can then be used to make loans and earn interest. Investment institutions, finance institutions, underwriting institutions, and central banking institutions may obtain funds through different means such as investments, issuing securities, and government funding.

_____ Institutions Obtain Funds Primarily by Accepting Customer Deposits