A financial institution that accepts deposits, makes loans, and provides other
financial services is a(n):

A. contractual institution.
B. depository institution.
C. fractional reserve institution.
D. investment institution.

Respuesta :

Answer:

B. depository institution.

Explanation:

Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.

Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.

Answer:it’s not B

Explanation:

Got wrong on A.P.E.X