Multiple Choice
Which of the following statements is true?
A) Non-bank depository institutions include building societies and credit unions.
B) A non-bank depository institution meets the legal definition of a bank.
C) A non-bank depository institution does not meet the legal definition of a bank.
D) A non-bank depository institution may be a building society or a credit union and a non-bank depository institution undertakes many of the same activities of a bank without meeting the legal definition of a bank.
Correct Answer:
Verified
Correct Answer:
Verified
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