Which of the following is an example of an authorised deposit-taking institution (ADI)?

Question

BlackTom AI · Accepted Answer

To evaluate which option represents an authorised deposit-taking institution (ADI), we need to recall which types of entities are classified as ADIs. 
Option a: Building societies. In many financial systems, building societies operate as ADIs because they accept deposits and provide banking services, similar to banks. Their primary purpose is savings and home lending, and they are authorized to take deposits from the public. 
Option b: All of these. This answer asserts that every listed entity is an ADI, which would be true if building societies, credit unions, and banks all meet the ADI criteria in the relevant regulatory framework. 
Option c: Credit unions. Credit unions are typically member-owned financial cooperatives that accept deposits and provide lending services, and in many regions are registered as ADIs or hold a similar deposit-taking authorization. 
Option d: Banks. Banks are the classic ADIs, licensed to take deposits and offer a wide range of financial products and services. 
Putting it together, each of the listed entities—building societies, credit unions, and banks—can operate as an authorised deposit-taking institution under appropriate regulation. Therefore, option b, which states ‘All of these,’ correctly encompasses all the valid categories. 
Note: If your course or jurisdiction uses different terminology or specific regulatory definitions, the exact naming might vary, but the core concept remains that all these types can function as ADIs where authorized. In any case, understanding that ADIs include varied deposit-taking institutions helps explain why multiple options align with the concept.

Which of the following is an example of an authorised deposit-taking institution (ADI)?

View Explanation

Log in for full answers

Similar Questions

Which of the following is not an example of an authorised deposit-taking institution (ADI)?

Which of the following is an example of an authorised deposit-taking institution (ADI)?

Which of the following is not an example of an authorised deposit-taking institution (ADI)?

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler