The correct answer is D. savings and loans associations.
Savings and loans associations (S&Ls) are financial institutions that specialize in savings and home mortgage loans. They are also known as thrift institutions or mutual savings banks. S&Ls are regulated by the Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift Supervision (OTS).
S&Ls were originally created to help people save money and buy homes. They offer a variety of savings accounts, including passbook savings accounts, money market accounts, and certificates of deposit. S&Ls also offer a variety of mortgage loans, including fixed-rate mortgages, adjustable-rate mortgages, and jumbo mortgages.
S&Ls are a type of depository institution, which means that they are regulated by the government and are required to hold a certain amount of capital in reserve. This helps to protect depositors in the event that an S&L fails.
S&Ls are a good option for people who are looking for a safe place to save money and borrow money for a home. They offer a variety of products and services, and they are regulated by the government.
Here is a brief explanation of each option:
- A. savings associations: Savings associations are a type of depository institution that specializes in savings and home mortgage loans. They are also known as thrift institutions or mutual savings banks. Savings associations are regulated by the Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift Supervision (OTS).
- B. loans associations: Loans associations are not a type of financial institution. This is a made-up term.
- C. preferred and common associations: Preferred and common associations are not a type of financial institution. This is a made-up term.
- D. savings and loans associations: Savings and loans associations (S&Ls) are financial institutions that specialize in savings and home mortgage loans. They are also known as thrift institutions or mutual savings banks. S&Ls are regulated by the Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift Supervision (OTS).