_____ were originally set up to encourage personal savings and provide mortgages to local home buyers.
A)Commercial banks
B)Savings banks
C)Credit unions
D)Brokerage firms

Question

Quizplus · Accepted Answer

Savings banks were established with the primary purpose of promoting personal savings among individuals and offering mortgage loans to local homebuyers. This setup allowed people to save money securely while also providing a source of funding for those looking to purchase homes in the community.

_____ Were Originally Set Up to Encourage Personal Savings and Provide