QuestionJuly 19, 2025

Question 12 Savings institutions were created to do which of the following? A Promote homeownership B Levy taxes C Increase taxes for the middle class D None of the above

Question 12 Savings institutions were created to do which of the following? A Promote homeownership B Levy taxes C Increase taxes for the middle class D None of the above
Question 12
Savings institutions were created to do which of the following?
A Promote homeownership
B Levy taxes
C Increase taxes for the middle class
D None of the above

Solution
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Answer

A Promote homeownership Explanation 1. Identify the primary purpose of savings institutions Savings institutions, such as savings and loan associations, were primarily created to promote homeownership by providing mortgage loans to individuals.

Explanation

1. Identify the primary purpose of savings institutions<br /> Savings institutions, such as savings and loan associations, were primarily created to promote homeownership by providing mortgage loans to individuals.
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