A savings bank is a depository institution that .
A) is owned by a social or economic group
B) sells shares which it uses to purchase shares in U.S. Treasury bills
C) makes mostly consumer loans
D) makes mostly mortgage loans

Question

Quizplus · Accepted Answer

A savings bank is a depository institution that makes mostly mortgage loans. While savings banks may also offer some consumer loans, their primary focus is on providing mortgage loans to individuals for the purchase of homes.

A Savings Bank Is a Depository Institution That