Asked by Shayan Patel on May 17, 2024
Verified
The traditional role of savings and loan associations has been to lend money for _______.
Savings And Loan Associations
Specialized financial bodies that deal with accepting deposits for saving purposes and issuing various loans, especially for mortgages.
Lend Money
The act of giving money to another party with the expectation that it will be paid back, often with interest, at a later date.
- Realize the role of banks and other institutions in channeling funds from savers to borrowers.
Verified Answer
HM
Learning Objectives
- Realize the role of banks and other institutions in channeling funds from savers to borrowers.