Which of the following categories of institutions accept deposits from, make loans to and provide payment services for Australian households?
A)ADIs.
B)Wholesale banks.
C)Investment banks.
D)Insurance companies.
E)Fund managers.

Question

Quizplus · Accepted Answer

ADIs, or Authorised Deposit-taking Institutions, are institutions that accept deposits from, make loans to, and provide payment services for Australian households. Wholesale banks, investment banks, insurance companies, and fund managers may provide some of these services, but they do not fall under the category of ADIs.

Which of the Following Categories of Institutions Accept Deposits From