The author uses the term "bank" to describe several different types of financial institutions. Which of the following is NOT included under the group of firms called banks by Mishkin? A. Commercial bank B. Credit union C. Insurance company D. Savings and loan institution

The author uses the term "bank" to describe several different types of financial institutions. Which of the following is NOT included under the group of firms called banks by Mishkin? A. Commercial bank B. Credit union C. Insurance company D. Savings and loan institution

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter17: The Management Of Cash And Marketable Securities

Section: Chapter Questions

Problem 5QTD

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Question

The author uses the term "bank" to describe several different types of financial institutions. Which of the following is NOT included under the group of firms called banks by Mishkin?

A.

Commercial bank

B.

Credit union

C.

Insurance company

D.

Savings and loan institution

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