MANAGEMENT

Detailed explanation-1: -Those that accept deposits from customers-depository institutions-include commercial banks, savings banks, and credit unions; those that don’t-nondepository institutions-include finance companies, insurance companies, and brokerage firms.

Detailed explanation-2: -A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme that provides retirement income. Pension funds are pooled monetary contributions from pension plans set up by employers, unions, or other organizations to provide for their employees’ or members’ retirement benefits.

Detailed explanation-3: -Nonbanking financial institution. Anonbank financial institution (NBFI) is a financial institution that does not have a full banking license and cannot accept deposits from the public.

Detailed explanation-4: -The answer is (C) credit unions. A credit union is a form of the depository institution where resources are pooled from various individuals by encouraging them to save. The savings are then lent out to members s loans. Therefore, credit union is a depository institution and not a nondepository institution.