The vast majority of FDIC-insured institutions are classified as:
A) credit card banks.
B) agricultural banks.
C) consumer lenders.
D) commercial lenders.
E) mortgage lenders.

Question

Quizplus · Accepted Answer

According to FDIC (Federal Deposit Insurance Corporation), as of March 31, 2021, 84.6% of the FDIC-insured institutions are classified as commercial lenders, which include community banks, regional and large banks, and other non-commercial lenders. Therefore, the best choice is D.

The Vast Majority of FDIC-Insured Institutions Are Classified As