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Today, 12:41

Which of the following statements about depository institutions in the U. S. are correct?

Check all that apply.

A. The customers of commercial banks are primarily looking to finance major consumer purchases.

B. The public does not have direct access to depository institutions.

C. Most deposits at commercial banks are federally insured.

D. Depository institutions include banks, savings and loan associations, and credit unions.

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Answers (1)
  1. Today, 12:48
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    Answer: C and D

    Explanation:

    Depository institutions are financial organization in the US that is legally authorized to confirm money deposit from customers.
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