L505: Types of Banks

______ banks has a mainstream business of providing home loans.

• Commercial

• Savings

• Savings and loan

• Credit unions

______ banks provide short-term credit, i.e., lend money for short periods and this is their special feature.

• Savings bank

• Commercial banks

• Savings and loan

• Credit unions

Savings and loan banks are a non-profit organization. True or false.

• True

• False

Credit unions operate on a "people helping people" philosophy. True or false.

• True

• False

Does central bank provide loans to common people?

• Yes

• No

• Maybe