Commercial banks in aggregate have a lower value of assets than savings institutions.

Name: Commercial banks in aggregate have a lower value of assets than savings institutions.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

According to data from the Federal Reserve, as of the end of 2020, the total assets held by commercial banks in the US were $22.8 trillion, while savings institutions held $1.7 trillion in assets. Therefore, savings institutions have a lower value of assets than commercial banks.

Commercial Banks in Aggregate Have a Lower Value of Assets