_______________________are depository institutions established for the purpose of pooling the savings of local residents to finance constructions and purchased of homes and located throughout the country.

Question

Quizplus · Accepted Answer

Savings and loans (S&Ls) are specifically designed to pool savings from members to finance home purchases and construction, making them distinct from other financial institutions like credit unions, mutual funds, and savings banks.

_______________________Are Depository Institutions Established for the Purpose of Pooling the Savings