The most diversified type of depository institutions is
A)credit unions.
B)savings associations.
C)commercial banks.
D)finance companies.
E)mutual funds.

Question

Quizplus · Accepted Answer

Commercial banks offer a wide range of services such as deposit-taking, lending, foreign exchange, wealth management, and investment banking. They also cater to the needs of individuals, businesses, and governments. While other depository institutions also offer some of these services, they are primarily focused on a specific customer group or service. Therefore, commercial banks are the most diversified type of depository institutions.

The Most Diversified Type of Depository Institutions Is