Which depository institution is not considered a thrift?
A)S&Ls
B)savings banks
C)commercial banks
D)credit unions

Question

Quizplus · Accepted Answer

Depository institutions can be categorized into two main groups - thrifts and commercial banks. S&Ls, savings banks, and credit unions fall under the thrift category, while commercial banks offer a wider range of financial services including checking accounts, loans, and credit cards. Therefore, commercial banks are not considered a thrift.

Which Depository Institution Is Not Considered a Thrift