Which of the following is considered a depository financial institution?
A)Mortgage company
B)Private pension funds
C)Savings and Loan associations
D)Money market funds
E)Insurance company

Question

Quizplus · Accepted Answer

Savings and Loan associations are considered depository financial institutions. They take deposits from customers and use the funds to make loans, focusing primarily on mortgage lending. The other options are not depository financial institutions but rather different types of financial entities.

Which of the Following Is Considered a Depository Financial Institution