Examveda

Depository institutions such as thrifts includes

A. savings associations

B. savings banks

C. credit unions

D. all of above

Answer: Option D

Solution (By Examveda Team)

Depository institutions such as thrifts includes savings associations, savings banks and credit unions. A thrift institution is a financial institution that obtains the majority of its funds from the savings of the public. The term can include several cooperative banking models; Savings and loan association. Mutual savings bank.

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