Question

What is meant by the term "thrifts"?
Multiple select question.

Credit unions

Mutual savings banks

Commercial banks

Checkable deposits

Savings and loan associations

Answers

GPT-4o mini
The term "thrifts" refers to financial institutions that focus on accepting savings deposits and making loans. Specifically, it typically includes the following:

- **Credit unions**
- **Mutual savings banks**
- **Savings and loan associations**

Thus, the correct selections from your list would be:

- Credit unions
- Mutual savings banks
- Savings and loan associations

Commercial banks and checkable deposits do not fall under the definition of thrifts. Commercial banks are more generalized financial institutions that offer a wider range of services beyond just savings and loans, while checkable deposits refer to a type of account rather than a specific financial institution.