imfreeinhimdb imfreeinhimdb

26-03-2020
Business

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16. Which of the following is not a deposit institution?
A. life insurance company
B. commercial bank
C. savings and loan association
D. credit union
E. mutual savings bank

Respuesta :

henrydesanta henrydesanta

30-03-2020

Answer:

The correct answer is A. Life insurance company

Explanation:

deposit institutions are those that obtain funds mainly by accepting the deposits from the public. all commercial and mutual savings banks, credit union and savings and loan associations are types of deposit institutions while insurance corporations are not primarily deposit institutions.

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