Employees in banking services are employed by banks, ___ and savings and loan organizations which offer savings, credit and loans to businesses and consumers.

Employees in banking services are employed by banks, ___ and savings and loan organizations which offer savings, credit and loans to businesses and consumers.

• A. Insurance companies
• B. Investment banks
• C. Credit unions
• D. Mortgage lenders

Answer: (C)

The main idea is recognizing the different types of financial institutions that offer the basic trio of savings, credit, and loans to both businesses and individuals. Credit unions fit naturally here because they are member-owned financial cooperatives that provide standard banking services—savings accounts and loans—just like banks and savings and loan organizations, but to a specific group of members. This makes the sentence read as banks, credit unions, and savings and loan organizations, all offering savings, credit, and loans. Insurance companies don’t typically take deposits or offer consumer savings accounts; investment banks specialize in capital markets, advisory services, and underwriting rather than broad consumer banking; mortgage lenders focus mainly on housing loans and don’t usually provide the full range of savings and everyday lending services to a broad membership. So credit unions are the best fit for completing the list.

The main idea is recognizing the different types of financial institutions that offer the basic trio of savings, credit, and loans to both businesses and individuals. Credit unions fit naturally here because they are member-owned financial cooperatives that provide standard banking services—savings accounts and loans—just like banks and savings and loan organizations, but to a specific group of members. This makes the sentence read as banks, credit unions, and savings and loan organizations, all offering savings, credit, and loans.

Insurance companies don’t typically take deposits or offer consumer savings accounts; investment banks specialize in capital markets, advisory services, and underwriting rather than broad consumer banking; mortgage lenders focus mainly on housing loans and don’t usually provide the full range of savings and everyday lending services to a broad membership. So credit unions are the best fit for completing the list.