The financial institution that historically has preferred to make single-family home mortgage loans, but recently with the passage of deregulation is now devoting a larger share of its portfolio to new kinds of assets (such as mobile home loans, consumer installment loans and commercial credit) is the:
A) Commercial bank
B) Savings and loan association
C) Life insurance company
D) Savings bank
E) None of the above
Correct Answer:
Verified
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