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Questions and Answers
Which type of depository institution accepts deposits from the public and offers checking, savings, loans, and financial advice to individual consumers?
Which type of depository institution accepts deposits from the public and offers checking, savings, loans, and financial advice to individual consumers?
- Credit unions
- Central banks
- Savings institutions
- Commercial banks (correct)
Which type of depository institution is the bankers' bank and oversees the other banks in the United States?
Which type of depository institution is the bankers' bank and oversees the other banks in the United States?
- Credit unions
- Savings institutions
- Central banks (correct)
- Commercial banks
Which type of depository institution is created, owned, and operated by its members?
Which type of depository institution is created, owned, and operated by its members?
- Savings institutions
- Credit unions (correct)
- Central banks
- Commercial banks
Which of the following statements is true about credit unions?
Which of the following statements is true about credit unions?
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What is the primary purpose of the FDIC?
What is the primary purpose of the FDIC?
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Which depository institution is the largest and for-profit?
Which depository institution is the largest and for-profit?
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What types of accounts are covered by deposit insurance?
What types of accounts are covered by deposit insurance?
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