The largest depository institution (value of assets)at the end of 2009 was
A)commercial banks.
B)pension funds.
C)credit unions.
D)mutual funds.

Question

Quizplus · Accepted Answer

According to data from the Federal Reserve as of December 2009, commercial banks held the largest amount of assets of any depository institution, with a total of $12.3 trillion in assets. This is more than double the assets held by the next largest category, which is savings institutions. Pension funds, credit unions, and mutual funds are not typically considered depository institutions and do not typically hold significant amounts of deposits, so A) is the best choice.

The Largest Depository Institution (Value of Assets)at the End of 2009