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19-09-2019
Business

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Banks differ from other types of depository institutions in that I. banks have more diversified asset portfolios. II. banks obtain funds from more different types of sources. III. the average size bank is larger than other depository institutions.

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24-09-2019

Answer:

The answer is: I) Banks have more diversified asset portfolios

Explanation:

Commercial banks receive deposits from clients and work with a variety of accounts; from personal or commercial loans, letters of credit, movement of funds, to a whole variety of different assets depending on what financial powers have been granted to them by the state or federal law by which they operate.

Instead Thrifts (saving and loans associations) usually specialize in real estate lending and Credit Unions offer their services only to their members.

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