In 2016 What Type of Financial Institution Held the Most

question 121

Multiple Choice

In 2016 what type of financial institution held the most consumer credit, excluding mortgages?

• A)Trust companies
• B)Credit unions
• C)Life insurance companies
• D)Chartered banks
• E)Special purpose corporations

---

Definitions:

Matching Principle

An accounting rule that dictates expenses should be recorded in the same period as the revenues they helped to generate.