Every month,Bill adds to a savings account with a financial institution that makes loans for homes.The only money he makes from this institution is interest on his savings.The financial institution is most likely a ________.

Question

Quizplus · Accepted Answer

Savings and loan associations are financial institutions that specialize in accepting deposits into savings accounts and making home loans. Therefore, Bill's account with this institution would earn interest on his savings and contribute to the institution's home loan operations.

Every Month,Bill Adds to a Savings Account with a Financial