Finance
In Ohio, which type of lending institution is a 'thrift' (savings and loan association)?
AA credit union that specializes in commercial loans
BA depository institution historically focused on accepting savings deposits and making residential mortgage loans✓ Correct
CA mortgage company that only originates loans for resale
DA federal bank with no retail branches
Explanation
Savings and loan associations (thrifts) are depository institutions historically chartered to accept savings deposits and originate home mortgage loans, serving the residential mortgage market.
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