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Deposit-taking institutions take the form of commercial banks; savings and loan associations and mutual savings banks; and credit unions.

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Q: What are types of deposit taking institutions?
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What is the difference between finance companies and deposit-taking finance institutions?

Finance (credit) companies are different from deposit-taking banking institutions in that their sources of funds are not deposits. They acquire funds in the market by issuing their own obligations, such as notes and bonds.


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