All of the following are financial institutions that accept deposits and make loans to people and businesses EXCEPT
A)commercial banks.
B)savings and loans.
C)credit unions.
D)central banks.
E)savings banks.

Question

Quizplus · Accepted Answer

Central banks are not financial institutions that accept deposits and make loans to people and businesses. Rather, central banks are responsible for implementing monetary policy and regulating the financial system. Examples of central banks include the Federal Reserve in the United States and the European Central Bank in Europe.

All of the Following Are Financial Institutions That Accept Deposits