[amp_mcq option1=”savings associations” option2=”loans associations” option3=”preferred and common associations” option4=”savings and loans associations” correct=”option4″]<\/p>\n
The correct answer is D. savings and loans associations.<\/p>\n
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).<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
[amp_mcq option1=”savings associations” option2=”loans associations” option3=”preferred and common associations” option4=”savings and loans associations” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[945],"tags":[],"class_list":["post-58934","post","type-post","status-publish","format-standard","hentry","category-financial-management","no-featured-image-padding"],"yoast_head":"\n