Major sources of funds for savings associations include which of the following?
A)time deposits
B)checkable deposits
C)savings deposits
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Savings associations, also known as thrifts or savings and loan associations, primarily gather funds through various types of deposits, including time deposits (such as certificates of deposit), checkable deposits (like checking accounts), and savings deposits. These deposits are major sources of funds for these institutions, allowing them to provide loans and other financial services.

Major Sources of Funds for Savings Associations Include Which of the Following