Compared with commercial banks and savings banks

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Just as depository institutions differ from non-depository institutions, there are also differences between the structure and activities of, and the financial products and services provided by, various depository institutions.

Which of the following statements are true, if any. Check all that apply.

Compared with commercial banks and savings banks, credit unions tend to pay the highest interest rates on their deposits.

Not all savings banks are mutual savings banks. Some exhibit a mutual structure, while others are organized as corporations.

All four types of institutions-commercial banks, savings and loan associations, credit unions, and mutual savings banks-pay the same rate of interest.

Reference no: EM133557809

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