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insens350 [35]
3 years ago
10

Which of the following is a deposit institution?

Business
1 answer:
scZoUnD [109]3 years ago
7 0

Answer:

A credit union

Explanation:

As it says in Chapter 5,

"The financial institutions that most people use serve as intermediaries between suppliers (savers) and users (borrowers) of funds. These deposit-type institutions include commercial banks, savings and loan associations, mutual savings banks, and credit unions" (p. 7, or 142)

The rest are other financial institutions

"Financial services are also available from institutions such as life insurance companies, investment companies, finance companies, mortgage companies, pawnshops, and check-cashing outlets" (p. 9, or 144)

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