All of the following are depository institutions except one.Which is the exception?
A)commercial banks
B)savings and loan associations
C)stock brokers
D)mutual savings banks
E)credit unions

Question

Quizplus · Accepted Answer

Stock brokers are not depository institutions as they do not accept deposits from customers. Instead, they facilitate the buying and selling of securities and stocks for their clients. All other options listed are depository institutions as they accept deposits from customers and use these funds to make loans or investments.

All of the Following Are Depository Institutions Except One