Examples of thrift institutions include
A) savings and loan associations, savings banks, and credit unions.
B) commercial banks, savings and loan associations, and insurance companies.
C) savings deposits and checking deposits.
D) money market mutual funds, commercial banks, and credit unions.

Question

Quizplus · Accepted Answer

Thrift institutions are financial institutions that specialize in taking deposits and making mortgage and other loans. The examples of thrift institutions include savings and loan associations, savings banks, and credit unions. These institutions are commonly known as "thrifts" and are defined by their focus on providing mortgages and other forms of consumer and small-business credit. Option B refers to a commercial bank and insurance companies, which are not considered thrift institutions. Option C refers to deposit products offered by thrift institutions, but not to thrift institutions themselves. Option D includes money market mutual funds, which are not classified as thrift institutions.

Examples of Thrift Institutions Include