The Only "Deposit-Type" Institutions That Do Not Operate for Profit

question 33

Multiple Choice

The only "deposit-type" institutions that do not operate for profit are

• A) thrift institutions
• B) credit unions
• C) pension funds
• D) commercial banks

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Definitions:

Monopoly Model

An economic model describing a market where a single seller controls the market supply of a product which has no close substitutes.

Cooperative Housing

A type of residential community where residents have a collective ownership of the property and participate in its management and maintenance.

Condominiums

A form of property ownership where individual units of a larger complex are owned by individuals, including shared access to common facilities.

Co-op Owners

Individuals or entities that own shares in a cooperative, entitling them to use its goods, services, or facilities and participate in its governance.