Common financial services offered by depository institutions include
A)checking, lending, and savings.
B)checking, real estate sales, and savings.
C)credit cards, stock brokerage, and tax preparation.
D)legal advice, savings, and life insurance.

Question

Quizplus · Accepted Answer

Depository institutions, such as banks and credit unions, primarily offer checking accounts for everyday transactions, lending services for personal and business loans, and savings accounts for individuals to save and earn interest on their money. While some depository institutions may offer additional services, such as credit cards or investment accounts, these are not typically the primary services offered. Legal advice and life insurance are not typically offered by depository institutions.

Common Financial Services Offered by Depository Institutions Include