Which of the following intermediaries uses its funds primarily to acquire mortgage loans?
A)commercial banks
B)savings associations
C)credit unions
D)finance companies

Question

Quizplus · Accepted Answer

Savings associations, also known as thrifts, are financial institutions that primarily use their funds to acquire mortgage loans for their customers. They are similar to commercial banks in terms of the services they offer, but their focus is on mortgage lending. Credit unions and finance companies may offer mortgage loans, but it is not their primary focus.

Which of the Following Intermediaries Uses Its Funds Primarily to Acquire