A savings bank is a depository institution that
A) makes mostly personal loans.
B) makes mostly home-purchase loans.
C) is owned by a social or economic group.
D) makes mostly consumer loans.

Question

Quizplus · Accepted Answer

Savings banks primarily focus on accepting savings deposits and making mortgage loans, especially for home purchases. They are known for their role in helping individuals finance the purchase of homes, distinguishing them from other financial institutions that might focus on different types of loans or services.

A Savings Bank Is a Depository Institution That