A Financial Institution That Accepts Deposits, Makes Loans, and Offers

question 119

Multiple Choice

A financial institution that accepts deposits, makes loans, and offers checking accounts is

• A) an insurance company.
• B) the Federal Deposit Insurance Corporation.
• C) the Federal Reserve System.
• D) a commercial bank.

---

Definitions:

Health Coverage

Insurance that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.

Family and Medical Leave Act

A U.S. federal law that provides eligible employees with unpaid, job-protected leave for family and medical reasons.

Foreseeable

Able to be anticipated or predicted based on current knowledge or understanding.

National Labor Relations Act

U.S. legislation enacted in 1935 to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices, which can harm the general welfare of workers, businesses, and the U.S. economy.