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)?

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