Which one of the following is commonly known as a thrift institution? a. Commercial bank b. Investment company c. Savings and loan association d. Insurance company

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asked Mar 28, 2017 56.9k views

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Usual Me · Answer 1 · 2017-04-03T19:19:41+0000

Savings and loan association is the one among the following that is commonly known as a thrift institution. The correct option among all the options that are given in the question is the third option or option "c". A thrift institution is an institution that collects majority of their funds from the savings that the public makes.

Which one of the following is commonly known as a thrift institution? a. Commercial bank b. Investment company c. Savings and loan association d. Insurance company

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