Multiple Choice
What is the key difference between an S&L and a mutual savings bank?
A) Mutual savings banks are jointly owned by depositors, whereas S&Ls aren't.
B) The FDIC insures an S&L's deposits, but not those of mutual savings banks.
C) Both A and B are correct.
D) Neither A nor B is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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