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Which one of the following is nota service of depository institutions?

A) Providing a place for reserve account deposits.
B) Lowering the cost of monitoring borrowers.
C) Creating liquidity.
D) Pooling risk.
E) Lowering the cost of borrowing

Respuesta :

junaidtahir09

Answer:

Depository institutions provide 4 important services to the economy:

they provide safekeeping services and liquidity;

they provide a payment system consisting of checks and electronic funds transfers;

they pool the money of many savers and lend it out to people and businesses; and.

they invest in securities.

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