All of the Following Are Financial Institutions That Accept Deposits

question 40

Multiple Choice

All of the following are financial institutions that accept deposits and make loans to people and businesses EXCEPT

• A)commercial banks.
• B)savings and loans.
• C)credit unions.
• D)central banks.
• E)savings banks.

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Definitions:

Market Value

The current quoted price at which an asset or a service can be bought or sold in a marketplace.

Retained Earnings

The portion of net income that is not distributed to shareholders and is instead reinvested in the company.

Treasury Stock

Shares of a company's own stock that it has reacquired and held in the company's treasury.

Cost Per Share

The price at which a company's shares were initially offered to the public or the current market value of a share.