BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The 3 main types of banks in the United States are:
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Commercial banks
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Savings and loan associations
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Credit unions
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All of these
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Explanation:
Detailed explanation-1: -How many types of banking sectors are there? Commercial banks are of three types i.e., Public sector banks, Private sector banks and Foreign banks.
Detailed explanation-2: -There are three major types of depository institutions in the United States. They are commercial banks, thrifts (which include savings and loan associations and savings banks) and credit unions.
Detailed explanation-3: -The 4 different types of banks are Central Bank, Commercial Bank, Cooperative Banks, Regional Rural Banks.
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