Financial Markets and Institutions
Financial Markets and Institutions
6th Edition
ISBN: 9780077641825
Author: SAUNDERS
Publisher: Mcgraw-Hill Course Content Delivery
Question
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Chapter 11, Problem 1DYU
Summary Introduction

To discuss: The three categories of depository institutions.

Expert Solution & Answer
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Explanation of Solution

There are three categories of depository institutions they are the following:

  • Commercial banks
  • Credit unions
  • Savings and loan associations

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