The largest category of depository institutions is A

Business May 08, 2021

The largest category of depository institutions is A. commercial banks B. investment banks C. credit unions D. savings and loan institutions

Expert Solution

Answer

A .

Explanation

Commercial banks are the most diversified of depository institutions and commercial banks are on average the largest depository institutions. These banks are for-profit companies and offer a range of services to consumers and businesses such as checking accounts, consumer and commercial loans, credit cards, and investment products.

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