In financial institutions, the sources of credit:
A)come in all shapes and sizes.
B)play an important role in our economy.
C)are typically short term
D)A and B are correct
E)A, B and C are correct

Question

Quizplus · Accepted Answer

Financial institutions provide credit from various sources such as deposits, loans from other institutions, and bonds. This credit plays a significant role in the economy by providing funds for businesses and individuals to make investments, purchase goods, and fund other activities. The sources of credit can be both short term and long term, depending on the purpose and repayment period. Therefore, options A and B are correct, while option C is only partially correct.

In Financial Institutions, the Sources of Credit