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

Finance Dec 27, 2020

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

Expert Solution

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

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote