What Is the Key Difference Between an S&L and a Mutual

question 82

Multiple Choice

What is the key difference between an S&L and a mutual savings bank?

• A) Mutual savings banks are jointly owned by depositors, whereas S&Ls aren't.
• B) The FDIC insures an S&L's deposits, but not those of mutual savings banks.
• C) Both A and B are correct.
• D) Neither A nor B is correct.

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Definitions:

Constant

A value that does not change and remains steady within a specified context.

Expected Value

The anticipated value for an investment or gamble, calculated as the sum of all possible outcomes weighted by their associated probabilities.

Random Variable

A variable whose possible values are outcomes of a random phenomenon, typically represented in statistical and probability analysis.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.