Financial corporations which serve individual savers and commercial mortgage borrowers are classified as____________?
Correct answer: D. Savings and loans associations
- A. Savings associations
- B. Loans associations
- C. Preferred and common associations
- D. Savings and loans associations
Explanation
Savings and loan associations accept deposits from individual savers and provide loans, especially for residential and commercial real estate. The other options are either incomplete or not standard financial-institution categories.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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