7 Questions
Which of the following is NOT a type of depository institution?
Investment bank
What is the main role of central banks?
To oversee and regulate other banks
What is the main difference between online banks and online banking?
Online banks are affiliated with traditional banks, while online banking is a service offered by most banks
Which type of depository institution is owned and operated by its members?
Credit Unions
Which depository institution specializes in consumer mortgage lending and may be run for-profit or as a financial cooperative?
Savings Institutions
Which government agency insures deposits in U.S. banks in case of a bank failure?
Federal Deposit Insurance Corporation (FDIC)
Which depository institution is focused on serving a particular region, industry, or group and distributes its earnings in the form of dividends to its members?
Credit Unions
Test your knowledge on depository institutions with this quiz! Learn about the main types of depository institutions, such as commercial banks, savings institutions, and credit unions, and understand their role in accepting deposits from the public. Challenge yourself to answer questions on how depositories provide security and liquidity, access to cash, and use money to lend to others and invest in securities.
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