A savings bank is a depository institution that ________.
A) sells shares which it uses to purchase shares in U.S. Treasury bills
B) makes mostly home-purchase loans
C) is owned by a social or economic group
D) makes mostly consumer loans

Question

Quizplus · Accepted Answer

Savings banks primarily focus on accepting savings deposits and making mortgage loans, especially for home purchases. They are known for their role in helping individuals save money and finance homes.

A Savings Bank Is a Depository Institution That ________