David has a savings account and a home mortgage with a financial institution. Each year, this institution sends him a dividend check based on his accounts. Which of the following financial institutions is David using here?

Question

Quizplus · Accepted Answer

E) In mutual savings banks, all depositors are considered owners of the bank; all profits are divided proportionately among depositors, who receive dividends.

David Has a Savings Account and a Home Mortgage with a Financial