Which One of the Following Utilizes the Least Amount of Deposits

question 24

Multiple Choice

Which one of the following utilizes the least amount of deposits as a source of funds?

• A)Banks
• B)Credit unions
• C)Finance companies
• D)Savings associations
• E)Savings banks

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Definitions:

Entrepreneurs

Individuals who create, organize, and manage a new business venture, taking on greater than normal financial risks in order to do so.

Landlords

Property owners who rent out their real estate assets to tenants in exchange for periodic payments.

Purely Competitive Economy

An idealized market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller can influence the market price.

Economic Profit

Sales minus explicit costs and implicit costs.