What Is the Distinction Between Depository Institutions and Other Financial

question 86

Multiple Choice

What is the distinction between depository institutions and other financial institutions?  

• A) Only depository institutions seek to maximize profit. 
• B) Depository institutions do NOT make loans. 
• C) Only depository institutions make loans. 
• D) Only depository institutions receive funds through customer deposits.

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Definitions:

Brokerage Fees

Charges paid to a broker for executing transactions or providing specialized services.

New York Stock Exchange

A leading global securities exchange where stocks and other securities are bought and sold.

Readily Marketable

Describes assets that can easily and quickly be converted into cash without significantly affecting their price.

Interest Receivable

The amount of interest income that has been earned but not yet received in cash.