Question

introduction: match the type of bank to the phrase that best describes it. savings and loan commercial bank credit union retail bank specializes in serving large businesses specializes in helping homeowners is owned by its members specializes in serving individuals for profit

Explanation:

• Savings and loan associations focus on mortgage lending and helping people with homeownership, so "savings and loan" matches "specializes in helping homeowners".
• Commercial banks typically cater to large businesses, corporations, and offer a wide range of business - related financial services, so "commercial bank" matches "specializes in serving large businesses".
• Credit unions are cooperative financial institutions owned by their members (the people who deposit money and use their services), so "credit union" matches "is owned by its members".
• Retail banks target individual consumers, providing services like savings accounts, personal loans, etc., with the aim of making a profit from serving these individuals, so "retail bank" matches "specializes in serving individuals for profit".

Answer:

• savings and loan : specializes in helping homeowners
• commercial bank : specializes in serving large businesses
• credit union : is owned by its members
• retail bank : specializes in serving individuals for profit