Which of the following doesnot offer deposit services?

Question

Quizplus · Accepted Answer

Life insurance companies do not offer deposit services. Instead, they provide life insurance policies and investment products such as annuities. The other options listed all offer deposit services, including accepting and holding deposits from their customers. Commercial banks are traditional, full-service banks that offer a wide range of financial services, including deposit accounts, loans, and other financial products. Savings and loan associations, credit unions, and mutual savings banks are all financial institutions that specialize in accepting deposits and making loans, but differ in their ownership structure, membership requirements, and specific types of services offered.

Which of the Following Doesnot Offer Deposit Services