What type of institutions typically offer a wide range of credit products due to a variety of services?

The correct answer highlights that banks and savings and loan associations are institutions well-known for providing a diverse assortment of credit products. These entities are not only authorized to offer various loans, including personal, home, and business loans, but they also have the capacity to deliver deposit services, investment options, and other financial services. This multifaceted approach allows them to meet a wide range of customers’ financial needs, making them a one-stop shop for individuals seeking various credit solutions.

In contrast, credit unions typically focus on serving their members through specific lending products and may not have the extensive variety that larger banks offer. Finance companies usually specialize in providing loans for specific purposes, like auto loans or personal loans, and may not offer the wider range of services. Auto dealers primarily focus on financing related to automobile purchases and offers limited credit products outside of that scope. Thus, banks and savings associations stand out due to their comprehensive offerings.