The depository institutions such as thrifts include _____________?
Correct answer: D. all of the above
- A. savings associations
- B. savings banks
- C. credit unions
- D. all of the above
Explanation
Thrift or depository institutions commonly include savings associations, savings banks and credit unions. Since each listed institution fits the category, all of the above is correct.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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