Depository institutions have obligations that include:

Question

Quizplus · Accepted Answer

Depository institutions, such as banks and credit unions, issue certificates of deposits (CDs) as a type of savings account with a fixed interest rate and maturity date. Bankers acceptances are a type of short-term debt that banks guarantee, used primarily in international trade. Commercial paper, however, is a short-term unsecured promissory note issued by large corporations, not depository institutions, to finance their short-term liabilities.

Depository Institutions Have Obligations That Include