Which of the Following Statements Is True

question 56

Multiple Choice

Which of the following statements is true?

• A)Non-bank depository institutions exclude building societies and credit unions.
• B)A non-bank depository institution meets the legal definition of a bank.
• C)Building societies are the same as credit unions.
• D)A non-bank depository institution may be a building society or a credit union and a non-bank depository institution undertakes many of the same activities of a bank without meeting the legal definition of a bank.

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