Which of the following is a deposit institution?

Question

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A credit union is a deposit institution because it is a financial institution that accepts deposits from its members and provides them with loans and other financial services. The other options listed are not deposit institutions. A life insurance company provides insurance policies, an investment company manages investment portfolios, a mortgage company provides loans to purchase real estate, and a pawnshop provides short-term loans in exchange for personal property.

Which of the Following Is a Deposit Institution