Question

Which financial institutions are often called thrifts? finance companies savings and loans commercial banks credit unions

Answer 1

Thrifts are savings and loans associations. Thrifts also refers to credit unions and mutual savings banks that provide a variety of saving and loans services

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Answer 2

Explanation:

Loans commercial banks credit unions are financial institutions also often called thrifts.  Thrift banks are small scaled financial institutions where primarily deposits are accepted and they are mostly originated from home based mortgages. They can also be termed s savings or loan associations. They are different from large scale banks. They use a high yielding savings  option and limited lending  is made to businesses.