The 1982 Garn-St. Germain Act facilitated the conversion of thrifts from the mutual form to the stock form. True or False? Explain.
These are associations of savings and loans where a variety of loans and saving services are provided. A differential factor from commercial banks is that money can be borrowed by them from federal home loan systems of bank and higher interest paid to members.
Answer and Explanation:
Thrift industry constituting of savings and loan associations, mutual saving banks, and credit unions have in the past been in the business of...
See full answer below.
Become a member and unlock all Study Answers
Try it risk-free for 30 daysTry it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
fromChapter 25 / Lesson 1