The primary purpose of savings and loans is
A) issuing credit cards.
B) buying and selling securities.
C) providing mortgages to home buyers.
D) providing capital to finance construction of office complexes.
E) issuing loans to fund college education.

Question

Quizplus · Accepted Answer

The primary purpose of savings and loans is to provide mortgages to home buyers. This is their main function and has been historically. While they may also offer other types of loans or services, providing home mortgages is their core function.

The Primary Purpose of Savings and Loans Is