What are brokerage firms? 2. what are depository and nondepository financial institutions? how do they differ? 3. what are credit unions? 4. what are demand deposit accounts? 5. what are bonds?

1:  Brokerage firms:  a type of non-depository financial institution that manages and facilitates the purchase of bonds, stocks, and other types of investments. 2.  Depository and non-depository financial institutions:  Depository tends to be things such as banks and non-depository are life insurance companies; differences between both is that non-depository are not insured by FDIC.
3.  Credit Unions:  non-profit, member owned institutions and another type of depository institution.
4.  Demand deposit accounts:  accounts that individuals and business can use to pay their bills.
5.  Bonds:  investments that promise to pay a certain amount of interest on the principle amount after a given time.