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Which of the following is a nondepository financial institution?

A. Credit union
B. Retail bank
C. Commercial bank
D. Life insurance company

User ARemesal
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2 Answers

2 votes

Answer:

Investment bank

Step-by-step explanation:

User Dzordz
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The answer is "D. Life insurance company".


Nondepository financial institution refers to an intermediary association, for example, the administration that encourages exchanges between the savers and borrowers. Time deposits are anyway not acknowledged. These middle people source their loaning exercises through the clearance of securities and protection strategies to the all inclusive community. The arrangement of their cash supply falls under at least one definitions and regularly falls under 'near money'.


User Alimin
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