Ask Question
BusinessBusiness
16 September, 03:21

An example of a nondepository financial institution is which of the following?

A:Commercial bank

B:Credit union

C:Brokerage firm

D:All of the above

+5
Answers (2)
  1. 16 September, 03:23
    0
    The answer is C. Brokerage firm. A brokerage firm is an example of a nondepository financial institution. A depository financial institution is a place where you can deposit money. A commerical bank and a credit union are both places where you can deposit money into an account for savings or future use by withdrawing cash or using a card. A brokerage firm is not a depository financial institution and usually used for mortgages and loans.
  2. 16 September, 03:47
    0
    The answer is C - Brokerage Firm
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An example of a nondepository financial institution is which of the following? A:Commercial bank B:Credit union C:Brokerage firm D:All of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In adition income tax many people also pay, a. Corporate tax. B. State income tax. C. Local medicare tax
Answers (1)
The north american free trade agreement continues to spark debate today, particularly concerning?
Answers (1)
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 16% and a standard deviation of return of 25%. Stock B has an expected return of 11% and a standard deviation of return of 10%.
Answers (2)
From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why? (Ch. 18)
Answers (1)
Noncallable bonds that mature in 10 years were recently issued by Sternglass Inc. They have a par value of $1,000 and an annual coupon of 5.5%. If the current market interest rate is 7.0%, at what price should the bonds sell
Answers (1)
New Questions in Business
Now consider a strangle using the same call with a strike price of $100 and a different put with a strike price of $95. Both have the same expiration date.
Answers (1)
Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its costs of equity is 15 percent, and the cost of debt is 8 Percent. The relevant tax rate is 35 percent.
Answers (1)
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement
Answers (1)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.
Answers (2)
Home » Business » An example of a nondepository financial institution is which of the following? A:Commercial bank B:Credit union C:Brokerage firm D:All of the above
Sign Up Forgot Password?