Which of the following financial intermediaries is not a depository institution?
A) commercial bank
B) investment bank
C) trust company
D) credit union

Question

Quizplus · Accepted Answer

An investment bank is not a depository institution as it does not accept deposits from customers. Instead, it provides services such as underwriting securities and advising on mergers and acquisitions. The other options (A, C, D) are all depository institutions as they accept deposits from customers.

Which of the Following Financial Intermediaries Is Not a Depository