Question

Credit unions and other depository institutions differ from member banks of the Federal Reserve mainly in that they...

a)are exempt from federal oversight
b)are not subject to regulation
c)do not have stock in Federal Reserve Banks
d) serve a nationwide consumer base

Answer 1

c or do not have stock in Federal Reserve Banks

Step-by-step explanation:

flex point 2023

Answer 2

The answer is letter C. do not have stock in Federal Reserve Banks.Depository institutions include commercial banks, savings banks, and credit unions; the others shown are traditionally classified as non-depository institutions. The common bond rule effectively limits the size of credit unions.  Credit unions focus on financial products aimed at consumers, not businesses (loan portfolio on next slide)