Which of the following is not a depository institution?
A)A commercial bank
B)A thrift institution
C)A pension fund
D)A savings and loan institution
E)A credit union

Question

Quizplus · Accepted Answer

Pension funds are not depository institutions. They are institutional investors that manage funds contributed by employees or employers for future pensions or retirement benefits. Depository institutions are financial intermediaries that receive deposits from customers and use those funds to make loans or investments. Commercial banks, thrift institutions, savings and loan institutions, and credit unions are all examples of depository institutions.

Which of the Following Is Not a Depository Institution