Savings and Loans Associations

Multiple Choice

Savings and loans associations

A) initially were allowed to attract funds by offering savings accounts that paid a slightly higher interest rate than that offered by commercial banks.
B) held about 85 percent of their total assets as mortgages prior to the Great Depression.
C) did not weather the Great Depression well, as thousands of S&Ls failed in the 1930s.
D) are all of the above.
E) are only A and B of the above.