_____________ Are the Most Diversified of Depository Institutions and ______________

question 21

Multiple Choice

_____________ are the most diversified of depository institutions and ______________ are on average the largest depository institutions.

• A)Banks; savings institutions
• B)Credit unions; banks
• C)Credit unions; credit unions
• D)Banks; banks
• E)Savings institutions; banks

---

Definitions:

Commercial Banks

Financial institutions that accept deposits, offer various loans, and provide other financial services, like currency exchange and wealth management.

Open Market

A venue or environment in which financial securities, commodities, and assets are bought and sold without restrictions.

Government Securities

Financial instruments issued by a government to finance its projects and operations, commonly involving debt securities like bonds.

Interest Rates

The segment of a loan assessed as interest for the borrower, traditionally displayed as a yearly percentage of the loan's outstanding amount.