Vidyalelo
Management · Q206

International Finance and Treasury

Graduate and Post Graduate · Management · question 206

Q206

Depository institutions includes

A.
mutual funds
B.
commercial banks and thrifts
Answer
C.
savings banks
D.
credit unions

Answer: Option B

Solution

Answer: Option B
Solution:
Depository institutions includes commercial banks and thrifts. A depository is a facility such as a building, office, or warehouse in which something is deposited for storage or safeguarding. It can refer to an organization, bank, or institution that holds securities and assists in the trading of securities.