Q912
Financial corporations which serve individual savers and commercial mortgage borrowers are classified as
A.
savings associations
B.
loans associations
C.
preferred and common associations
D.
savings and loans associations
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Financial corporations which serve individual savers and commercial mortgage borrowers are classified as savings and loans associations. Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.