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:

Dispositional Attribution

A psychological process whereby individuals attribute behavior to the internal characteristics of the agent, rather than to external factors.

Situational Attribution

The process of attributing a person’s behavior to external or environmental factors.

Rational

Based on reason or logic; characterized by clear, logical thinking or the ability to make reasoned decisions.

Impulsively Spent

Actions of spending money without careful thought or consideration, often driven by sudden urges.