Which of the following is a depository institution?
A)an insurance company
B)a credit union
C)a finance company
D)a pension fund
E)a stock market

Question

Quizplus · Accepted Answer

A depository institution is a financial intermediary that accepts deposits from the public and uses those funds to make loans or investments. Credit unions are one example of a depository institution, as they accept deposits and provide loans to their members. Insurance companies, finance companies, pension funds, and stock markets are not considered depository institutions because they do not accept deposits from the public.

Which of the Following Is a Depository Institution