ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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exchanges.
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banks.
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over-the-counter markets.
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finance companies.
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Detailed explanation-1: -A commercial bank is a financial institution that accepts deposits, offers checking and savings account services, and makes loans.
Detailed explanation-2: -A credit union is a not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products.
Detailed explanation-3: -Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers.
Detailed explanation-4: -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-5: -Banks, including co-operative banks, can accept deposits.