The largest depository institution (value of assets)at the end of 2012 was
A) commercial banks.
B) pension funds.
C) credit unions.
D) mutual funds.

Question

Quizplus · Accepted Answer

Commercial banks are the largest depository institutions in terms of the value of assets. In 2012, the total assets of commercial banks in the United States amounted to almost $14 trillion, which was significantly higher than the assets held by other depository institutions such as credit unions or pension funds. Mutual funds are not considered depository institutions as they do not hold deposits from the public.

The Largest Depository Institution (Value of Assets)at the End of 2012