Thrift institutions include
A)banks,mutual funds,and insurance companies.
B)savings and loan associations,mutual savings banks,and credit unions.
C)finance companies,mutual funds,and money market funds.
D)pension funds,mutual funds,and banks.

Question

Quizplus · Accepted Answer

Thrift institutions are financial institutions that accept deposits from customers and use the funds to provide loans and mortgages. The three main types of thrift institutions are savings and loan associations, mutual savings banks, and credit unions. Banks, mutual funds, insurance companies, finance companies, money market funds, and pension funds are not thrift institutions.

Thrift Institutions Include