Final answer:
The statement is true; depository financial institutions do include commercial banks, thrift institutions, and credit unions, which all provide services of accepting deposits and granting loans.
Step-by-step explanation:
True or False: Depository financial institutions include commercial banks, thrift institutions, and credit unions. This statement is true. Depository financial institutions are entities that provide financial services such as accepting deposits and making loans. Commercial banks are established to assist businesses by facilitating various financial transactions and services. They are known for issuing checks and managing business expenses. Thrift institutions, also known as savings and loans or thrifts, were traditionally limited in the interest rates they could offer and were often required to focus on housing-related loans. However, like banks, they accept deposits and make loans. Lastly, credit unions are member-owned financial cooperatives that also offer deposit and loan services, typically focusing on serving their members rather than maximizing profits.