Which depository institution is considered a thrift?
A)S&Ls
B)savings banks
C)credit unions
D)All of the above are considered thrifts.

Question

Quizplus · Accepted Answer

All of the options listed are considered thrifts. S&Ls (Savings and Loan Associations) and savings banks are both types of depository institutions that specialize in accepting deposits and lending money for mortgages and other consumer loans. Credit unions are member-owned financial cooperatives that also offer deposit accounts and loans. Both S&Ls and savings banks are often referred to as "thrift institutions" because of their historical focus on home mortgages and other consumer lending.

Which Depository Institution Is Considered a Thrift