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Ian walks into a depository institution and says he wants to open an account. He asks for details about the institution. The employee tells Ian that they offer many services such as checking and savings accounts, mortgages, personal loans, and debit cards. Ian asks if this institution is a non-profit, and the employee tells him that they are a for-profit organization. Which type of institution is Ian considering for his account?
A. credit union
B. web-only financial institution
C. commercial bank
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Answers: 2
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Ian walks into a depository institution and say...
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