why were savings and loans (s&ls) originally established?\no to help people invest in small businesses\no to…
why were savings and loans (s&ls) originally established?\no to help people invest in small businesses\no to help people save money\no to help people buy homes\no to help people invest in the stock market
Answer
Brief Explanations:
Savings and loans (S&Ls) were initially set - up to promote home - ownership by providing mortgage loans and a place for people to save money for home - buying. The main focus was on home - related financing.
Answer:
to help people buy homes