kkwolfcityouwc96
kkwolfcityouwc96 kkwolfcityouwc96
  • 10-09-2018
  • Business
contestada

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

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shadowpup0401
shadowpup0401 shadowpup0401
  • 10-09-2018

The answer is C - Brokerage Firm

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MrsTriplet MrsTriplet
  • 14-03-2019

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.

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