The major use of funds for savings associations is which of the following?
A)acquiring mortgage loans
B)purchasing corporate stocks
C)purchasing United States saving bonds
D)acquiring small business loans

Question

Quizplus · Accepted Answer

Savings associations primarily use their funds to acquire mortgage loans, which they then hold and collect interest on. This is the main business of savings associations and is where they generate the majority of their income. Choices B, C, and D are not major uses of funds for savings associations.

The Major Use of Funds for Savings Associations Is Which