Which of the following statements is true regarding mutual savings banks?

Which of the following statements is true regarding mutual savings banks?A) Mutual savings banks are quite similar to savings and loan associations.B) Accounts in mutual savings banks are not federally insured.C) Savings is the only financial service provided by mutual savings banks.D) Mutual savings banks provide financial services nationwide.

Question:Which of the following statements is true regarding mutual savings banks?A) Mutual savings banks are quite similar to savings and loan associations.B) Accounts in mutual savings banks…

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