At ________,all depositors are considered to be owners of the institution.

Question

Quizplus · Accepted Answer

Mutual savings banks are unique in that they operate as a mutual organization, meaning their depositors are also considered to be part-owners of the institution. This is in contrast to commercial banks and savings and loan associations, where depositors do not have ownership rights in the institution. Downtown major banks is not a valid choice as it does not refer to a specific type of financial institution.

At ________,All Depositors Are Considered to Be Owners of the Institution