Savings and loan associations were originally known as which of the following?
A)provident Loan Societies
B)building and loan associations
C)continental banks
D)loan sharks

Question

Quizplus · Accepted Answer

Building and loan associations were the original name for savings and loan associations, which were first established in the United States in the mid-1800s to help promote home ownership and savings among working-class Americans. Provident Loan Societies were a type of charitable organization that provided small loans to the poor, while continental banks and loan sharks are unrelated to the history of savings and loan associations.

Savings and Loan Associations Were Originally Known as Which of the Following