Depository institutions that concentrate loans in one segment such as consumer loans are considered as

A. thrifts

B. state bank

C. global bank

D. multinational institutions

Answer: Option A

Solution(By Examveda Team)

Depository institutions that concentrate loans in one segment such as consumer loans are considered as thrifts. Thrifts also refer to credit unions and mutual savings banks that provide a variety of saving and loans services. Thrifts differ from commercial banks in that they can borrow money from the Federal Home Loan Bank System, which allows them to pay members higher interest.