Each of the following is classified as a thrift financial institution,except
A) commercial bank.
B) savings and loan association.
C) savings bank.
D) credit union.
E) All of the above are thrift institutions.

Question

Quizplus · Accepted Answer

A commercial bank is not classified as a thrift financial institution. Thrift financial institutions are institutions that primarily accept deposits from individuals and provide home mortgages and other consumer loans. Commercial banks, while they do accept deposits and provide loans, also engage in a wide range of other activities such as corporate lending, investment banking, and other financial services.

Each of the Following Is Classified as a Thrift Financial