What is the relationship between commercial banks and thrift institutions?

Multiple choice question.

Thrift institutions are owned by commercial banks

Commercial banks are owned by thrift institutions

Thrift institutions supplement commercial banks

Commercial banks supplement thrift institutions

1 answer

The correct answer is: Thrift institutions supplement commercial banks.

Thrift institutions, such as savings and loan associations and credit unions, offer similar services to those provided by commercial banks, but they often focus more on savings and residential mortgages. They can serve to complement the services that commercial banks provide.