The most diversified type of depository institutions are

Question

Quizplus · Accepted Answer

Commercial banks offer a wide range of services such as deposit accounts, loans, credit cards, and investment products. They cater to both personal and business banking needs, making them the most diversified type of depository institutions. Other types of depository institutions listed, such as credit unions and savings associations, offer similar services but are more specialized and may have limitations on who can become a member or deposit funds. Finance companies and mutual funds are not depository institutions as they do not accept deposits.

The Most Diversified Type of Depository Institutions Are