The main differences between the bank and the nonbank institutions include all of the following EXCEPT

Question

Quizplus · Accepted Answer

The statement that "banks' balance sheets include assets and liabilities while nonbank institutions' balance sheets include only liabilities" is incorrect. Nonbank institutions also have assets listed on their balance sheets, but they generally rely more on borrowing to finance their investments rather than attracting deposits like banks do. The other three statements are correct differences between banks and nonbank institutions.

The Main Differences Between the Bank and the Nonbank Institutions