Depository institutions are financial institutions that accept deposits (that are insured up to a maximum level) from individuals or firms and provide loans.

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Depository institutions, such as banks and credit unions, accept deposits from individuals and firms, which are often insured up to a certain limit by government agencies (like the FDIC in the United States), and use these deposits to make loans and provide other financial services.

Depository Institutions Are Financial Institutions That Accept Deposits (That Are