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Homework answers / question archive / Which one of the following utilizes the most amount of deposits as a source of funds? A

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

Finance

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

A. Banks

B. Credit unions

C. Savings associations

D. Venture capital firms

E. Finance companies

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Option A Banks are the financial institutions whose primary source of funds are the deposits from the customers.

Credit unions too take deposits but from the selected people, but however banks will have huge asset base when compared to other options, hence the deposits number is also high for banks

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