History, asked by geboghewighrw, 1 year ago

Financial institutions that are called thrifts because they encourage savings are __________. A. banks B. credit unions C. savings and loans D. finance companies

Answers

Answered by BLACKMAGIC1234515
1

Answer:

B

Explanation:

Answered by aqibkincsem
2

Answer:

Financial institutions that are called thrifts because they encourage savings are credit unions.

Explanation:

The credit unions can provide traditional banking services and they can be formed by the large corporations, organizations and financial companies. Such unions are operated by the participants and they are non-profit organizations that can provide you tax saving plans. They encourage savings and they can also provide you tax deduction benefits on your savings.  

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