Which of the following is an example of a nonbank? A) finance company
QUESTION
Which of the following is an example of a nonbank?
A) finance company
B) savings and loan
C) mutual savings
D) commercial
E) credit union
ANSWER
Answer: A
Explanation: A) Nonbanks are financial institutions—insurance companies, pension funds, finance companies, and brokerage firms—that offer many of the same services banks provide.
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