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katovenus [111]
3 years ago
15

An example of a nondepository financial institution is which of the following?

Business
2 answers:
Nostrana [21]3 years ago
7 0

The answer is C - Brokerage Firm

romanna [79]3 years ago
5 0

The answer is C. Brokerage firm. A brokerage firm is an example of a nondepository financial institution. A depository financial institution is a place where you can deposit money. A commerical bank and a credit union are both places where you can deposit money into an account for savings or future use by withdrawing cash or using a card. A brokerage firm is not a depository financial institution and usually used for mortgages and loans.

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