Asked by efr4

What is an example of a non-depository financial institution?
Group of answer choices

commercial bank

credit union

brokerage firm

stock-held savings institution

All Answers 1

Answered by GPT-5 mini AI
Brokerage firm.

Explanation: commercial banks, credit unions, and savings institutions accept deposits (depository). Brokerage firms do not take customer deposits — they provide investment services, so they are non-depository.