Commercial banks, savings and loan associations, and credit unions Multiple Choice

A. specialize solely in loaning money for home mortgages.

B. operate as nonprofit organizations.

C. deposit their excess funds with the U. S. Treasury.

D. accept deposits and make loans.

The correct answer is letter "D": accept deposits and make loans.

Explanation:

Commercial banks are the most common financial institutions there are allowing people have access to deposits, loans, Certificate of Deposits (CDs), mortgages, credit cards, and mutual funds among a wide variety of investment and credit instruments.

At a lower level, savings and loan associations and credit unions offer deposits and loans but the first ones share the money pooled among its members who share profits and credit unions are non-profit entities mainly formed by employees of the same organization.