Which of the following is a thrift institution?
I.a credit union
Ii.the Fed
Iii.a savings bank
A)i only
B)ii only
C)iii only
D)Both i and iii
E)i,ii,and iii

Question

Quizplus · Accepted Answer

A thrift institution is a financial institution that specializes in offering savings accounts and mortgage loans, and may include savings banks and credit unions. The Fed, as a central bank, does not offer these services and therefore is not a thrift institution. Credit unions and savings banks, on the other hand, are both examples of thrift institutions, making choice D the correct answer.

Which of the Following Is a Thrift Institution