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2 votes
Which of the following is a deposit institution?

A life insurance company
An investment company
A credit union
A mortgage company

2 Answers

4 votes

Answer:

credit union

Step-by-step explanation:

i took the quiz

User Gary Barker
by
4.8k points
4 votes

Answer:

A credit union

Step-by-step 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)

User Raisen
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4.3k points