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The primary purpose of the Federal

Home Loan Bank System is to provide
support for which of the following?
a. Savings associations
b. Federal commercial banks
c. Mortgage brokers
d. Insurance companies

User Rajesh Rs
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1 Answer

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Final answer:

The Federal Home Loan Bank System provides support for savings associations by ensuring the availability of funds for home mortgages and promoting homeownership.

Step-by-step explanation:

The primary purpose of the Federal Home Loan Bank System is to provide support for savings associations.

Savings associations, also known as savings and loan associations (S&L) or thrifts, invest their funds in home mortgages and provide loans for individuals and families to build homes.

The Federal Home Loan Bank System was created to ensure the availability of funds for savings associations and promote homeownership.

User VietHTran
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