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Match Each Definition with the Correct Term Below

question 97

Multiple Choice

Match each definition with the correct term below.
-Classification


Definitions:

Loans

Borrowed sums of money that need to be repaid with interest over a predetermined period.

Depository Institution

A financial institution that accepts deposits from the public and provides credit facilities.

Credit Union

A member-owned financial cooperative that is created and operated by its members and provides credit at competitive rates as well as other financial services to its members.

Financial Institutions

Organizations such as banks, credit unions, and finance companies that provide a range of financial services including loans, deposits, and investments.

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