Question

question 1 out of 2 when an s & l is a mutual association, it means that it is owned by the depositors. borrowers. creditors. management.

Explanation:

A mutual - savings and loan (S&L) association is owned by its depositors. Depositors are the ones who put money into the S&L, and in a mutual structure, they have an ownership stake.

Answer:

D. depositors.