Question

question 8 of 10
which of the following is a depository financial institution?

a. investment bank

b. life insurance company

c. online bank

d. fdic

Explanation:

Depository financial institutions accept deposits from customers. Online banks (option C) are a type of bank that takes deposits (e.g., savings, checking accounts). Investment banks (A) facilitate capital raising, life insurance companies (B) provide insurance, and FDIC (D) is an insurer of deposits, not a depository institution.

Answer:

C. Online bank