All of the following are normally categorized as financial institutions except
A) S&Ls
B) brokerage firms
C) commercial banks
D) credit unions

Question

Quizplus · Accepted Answer

Brokerage firms are not technically considered financial institutions as they primarily deal with buying and selling of securities (stocks, bonds, etc.) rather than providing traditional financial services such as taking deposits and making loans like the other options listed (S&Ls, commercial banks, credit unions).

All of the Following Are Normally Categorized as Financial Institutions