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A​ ______ is a depository institution that accepts savings deposits and makes mostly​ home-purchase loans. A​ ______ is a depository institution owned by a social or economic group such as a​ firm's employees that accepts savings deposits and makes mostly personal loans. A. savings​ bank; credit union B. savings and loan​ association; credit union C. credit​ union; savings bank D. credit​ union; savings and loan association

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Answer: Savings bank

              credit union      

                   

Explanation: In simple words, savings bank refers to the institution which receives deposits from its customers in return of paying them interest or together such kind of privileges. These banks further loan these funds to the seekers and earn interest from them.

On the other hand, credit union refers to a group of people working as a non profit making concern in which the members can get loans on lower interest rates.

Thus the correct option is A.

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