The basic motivation behind the creation of S&Ls was provision of funds for financing:
A) The purchase of a home.
B) The purchase of land.
C) The purchase of a car.
D) The purchase of government securities.
E) None of the above.

Question

Quizplus · Accepted Answer

S&Ls (Savings and Loan associations) were primarily created to provide a source of funds for the financing of home purchases.

The Basic Motivation Behind the Creation of S&Ls Was Provision