Which of the Following Is a Nondepository Financial Institution

question 63

Multiple Choice

Which of the following is a nondepository financial institution?

• A)savings bank
• B)commercial bank
• C)savings and loan association
• D)mutual fund

---

Definitions:

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Pollution

The introduction of harmful substances or products into the environment, leading to adverse effects on human health, ecosystems, or buildings.

Deadweight Loss

The decline in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium.

Tax

A required monetary fee or different kind of tax levied on a taxpayer by a government entity to finance government operations and a range of public expenses.