Recently, S&Ls have focused on increasing fee income by:
A) Selling property & casualty insurance
B) Renting out unused bank branches
C) Servicing mortgages and issuing credit cards
D) Issuing stock

Question

Quizplus · Accepted Answer

S&Ls (Savings and Loan Associations) have been focusing on increasing fee income through activities such as servicing mortgages and issuing credit cards. These activities allow them to generate income from fees associated with mortgage servicing and from the interest and fees related to credit card usage, rather than relying solely on traditional banking activities like taking deposits and making loans.

Recently, S&Ls Have Focused on Increasing Fee Income By