Which of the following is a thrift institution?
A)a savings and loan association
B)a money market fund
C)a commercial bank
D)a loan institution
E)the Federal Reserve

Question

Quizplus · Accepted Answer

Thrift institutions are financial institutions that specialize in taking deposits and making home mortgages. Savings and loan associations are one type of thrift institution. Money market funds and commercial banks are not thrift institutions. "Loan institution" is a vague term that could refer to various types of lenders, but it is not a specific category of financial institution. The Federal Reserve is the central bank of the United States and is not a thrift institution.

Which of the Following Is a Thrift Institution