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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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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

User Ravi Parsania
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2 Answers

5 votes

Answer:

savings and loan association

Step-by-step explanation:

User JohnTube
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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.
User Usual Me
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