Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) Non-bank depository institutions exclude building societies and credit unions.
B) A non-bank depository institution meets the legal definition of a bank.
C) Building societies are the same as credit unions.
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.