Depository financial institutions include commercial banks, trust companies, and credit unions.

Name: Depository financial institutions include commercial banks, trust companies, and credit unions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Depository financial institutions are institutions that receive deposits from customers and hold them in accounts such as checking and savings accounts. Commercial banks, trust companies, and credit unions are all examples of depository financial institutions.

Depository Financial Institutions Include Commercial Banks, Trust Companies, and Credit