question 10 of 10\na financial institution that accepts deposits, makes loans, and provides other financial…

question 10 of 10\na financial institution that accepts deposits, makes loans, and provides other financial services is a(n) ______ institution.\na. depository\nb. contractual\nc. investment\nd. commercial

question 10 of 10\na financial institution that accepts deposits, makes loans, and provides other financial services is a(n) ______ institution.\na. depository\nb. contractual\nc. investment\nd. commercial

Answer

Brief Explanations:

A depository institution is a financial entity that accepts deposits from customers, makes loans, and offers other financial services. Contractual institutions deal mainly with insurance - like contracts. Investment institutions focus on investment - related activities. Commercial is a broad term, but depository is the specific term for the described function.

Answer:

A. depository