All of the Following Are Depository Institutions Except _____

question 92

Multiple Choice

All of the following are depository institutions except _____.

• A)commercial banks
• B)savings banks
• C)credit unions
• D)brokerage firms

---

Definitions:

Percent of Sales Method

A forecasting technique that estimates future financial statements based on a predicted sales growth rate and historical financial ratios.

Analysis of Receivables

The process of examining the accounts receivable of a business to assess their collectability and manage credit risk.

Accrued Interest

Interest that has been incurred but not yet paid in cash during a specific time period.

Note

A financial instrument that represents a debt or obligation between two parties, wherein the issuer promises to pay the holder a certain amount of money at a future date.